Journal entry

(1) what will be the journal entries if we give a contractor to repair office building with labour rate (without material).
(2) what will be the journal entries if we give a contractor to build a public toilets with labour rate (without material). for a NGO
Replies (14)
Quick Summary
This discussion explores the correct journal entries for accounting for contractor labour costs when materials are not included. It covers scenarios for repairing an office building and constructing public toilets for an NGO. Various accounting treatments are proposed, including booking expenses, input taxes, and TDS.

Your query is not cleared... it's very confused.
Ask clearly...
1.
R&M Building Dr
To bank
To TDS

2.
WIP Dr
To bank
To TDS

R&M Building Dr  
        To Tds 194c
 To Party

Anil



first we have to book the expenses

then pay it


so dr. repair account dr. building or plant
dt.input cgst
dr. input sgst
to Party account
to tds payable.


tds payable to bank.

deposit of tds
and file returns


part account dr.

bank cr...
By Mr anil singh • 28 February 2020

(1) what will be the journal entries if we give a contractor to repair office building with labour rate (without material).

(2) what will be the journal entries if we give a contractor to build a public toilets with labour rate (without material). for a NGO
Reply has been given ...
(Reply has been given ...)

Ohhh okay okay...

Reply has been given by some members (already)... then why you reply... Any mistakes by previous replies...?
Oh


I have spelt out the conventional way.
Ohh...
You mean previous replies not to understand conventional way. So, You will came to attend for the query with conventional way... Right..?!
It's the standard and followed in corporate..
Ohhh... Okay okay...

But,

Dear... What is the query actually...?! 😇😇
I hope the focal length of your eyes needs to be rectified...
👏👏👏👏👏😀😀😀😀👏👏👏👏👏

Enjoy Mr CMA SABYASACHI MUKHERJEE


BUT,
I THINK YOU DON'T BE THINK BEFORE TYPING ANY INSULTING WORDS... RIGHT...?!

OKAY ANYWAY KEEP IT UP ONLY THROUGH THE APP... ITS BETTER...

BUT,
I ASK AGAIN "WHAT IS THE QUERY ACTUALLY...?!"
READ AGAIN THE QUERY IF YOU ARE NOT UNDERSTANDING...
I am 100 % sanguine about my reply...

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