Sale of service

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
Replies (3)
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.

Group it under sale account...

Under sales group you have to create two ledgers

1. Goods

2. Services

BUT ALL ARE UNDER GST ACT

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