Sale of service

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Assistant
362 Points Posted on 02 October 2023
Sir,

we have sold some goods and also service. We create the ledger goods items under sale account but confuse about service ledger can we create the ledger name sale of service under group sale account or Service charges under indirect income.

Kindly advise
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On 02 October 2023 at 20:29 Report
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Quick Summary
This discussion clarifies how to account for the sale of services. It advises creating a separate ledger for 'Services' under the 'Sales' group, distinct from goods. Crucially, all postings must comply with GST regulations.

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GST Consultant
15986 Points Posted on 03 October 2023
Group it under sale account...
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On 03 October 2023 at 03:36
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Finance
4592 Points Posted on 03 October 2023

Under sales group you have to create two ledgers

1. Goods

2. Services

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On 03 October 2023 at 09:34
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Profession
28271 Points Posted on 04 October 2023
BUT ALL ARE UNDER GST ACT
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On 04 October 2023 at 09:26

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