pls help.
we received a mobilization advance. how to entry such amount. under which head mobilization advance must come in tally. give the journal entry whether it is applicable for service tax or not?? r
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Mobilization advance
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1) Bank A/c ............ Dr
To XYZ Mob A/c ........Cr (on receipt of advance)
2) XYZ Mob Advance .... Dr
To XYZ (Drs) A/c .....Cr (at the time of adjustment in the Bill)
SERVICE TAX APPLICABLE AS PER THE RULES (considering the abatement if any)
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