becker
CIBIL
coaching

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Journal entry for tcs1% on car purchase by firm


Rajesh TM (Accounts Manager)     24 November 2018

Rajesh TM
Accounts Manager 
 109 points

| My Other Post

sir/madam,

 

Please let me know the journal entry of tcs1% on car purchase by firm.

prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     24 November 2018

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 369 likes  5504 points

View Profile | My Other Post

Considering   the Car  is used by the firm for Busniess  purpose . 

Motar Car            A/c         Dr 

TCS                     A/c         Dr 

CGST                  A/c         Dr 

SGST                   A/c         Dr 

To Sundry  Creditors  

(  Booking  of   Car  purchase entry )   

Car is under fixed aseet 

TCS  under  loans & advance 

 

When  you  pay amount 

Sundry  Crediotors   A/c          Dr 

To Bank                    A/c          Cr 

( Being payment  made along with  TCS & GST ) 

 

RAJA P M

RAJA P M ("Do the Right Thing...!!!")     24 November 2018

RAJA P M
"Do the Right Thing...!!!" 
 8446 likes  115173 points

View Profile | My Other Post

Dr. Car Account - Rs XXXXXXX
Dr. TCS Receivable - Rs XXXX
Cr. Car Dealer A/c - Rs. XXXXXX..

Rajesh TM

Rajesh TM (Accounts Manager)     24 November 2018

Rajesh TM
Accounts Manager 
 109 points

View Profile | My Other Post

sir , 

car purchased in the name of our managing partner  in the firm address. Gstin number is also in the invoice

Rajesh TM

Rajesh TM (Accounts Manager)     24 November 2018

Rajesh TM
Accounts Manager 
 109 points

View Profile | My Other Post

sir,

car is actually invoiced in the name of our managing partner with firm address and gstin.

tcs receivable is under which head?

 

Rajesh TM

Rajesh TM (Accounts Manager)     24 November 2018

Rajesh TM
Accounts Manager 
 109 points

View Profile | My Other Post

sir ,  car purchased in the name of our managing partner  in the firm address. Gstin number is also in the invoice  

 

prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     24 November 2018

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 369 likes  5504 points

View Profile | My Other Post

Above entries  are   applicable  when  Invoice , address , GSTN  is in the name of firm . 

1 Like
prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     24 November 2018

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 369 likes  5504 points

View Profile | My Other Post

Yor are paying  TCS  amount to  party  , so it is under loans & advance .

1 Like
Rajesh TM

Rajesh TM (Accounts Manager)     24 November 2018

Rajesh TM
Accounts Manager 
 109 points

View Profile | My Other Post

sir,

Invoice in the name of managing partner, in the firm address with gstin.  above said applicable for this also?

Rajesh TM

Rajesh TM (Accounts Manager)     24 November 2018

Rajesh TM
Accounts Manager 
 109 points

View Profile | My Other Post

thank u sir


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Bajaj Finserv

Related Threads


Loading


Trending Tags