Hai experts;
if X compan's staff used a cab of a Travel provider.
what would be the jv when travel provider provide invoice?
Debit Travel Exp 112.56
Credit Travel Service provider(vendor) 100
Credit Service tax p/b 12.56
is this entry is correct?
any other tax will come into existance in this transaction?
Reply ASAP.
waiting for reply
| Originally posted by : Bijoy | ||
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Hai experts; if X compan's staff used a cab of a Travel provider. what would be the jv when travel provider provide invoice? Debit Travel Exp 112.56 Credit Travel Service provider(vendor) 100 Credit Service tax p/b 12.56 is this entry is correct? any other tax will come into existance in this transaction? Reply ASAP. waiting for reply |
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That entry is wrong. Debit Travel expenses 100
Debit Service tax 12.56
credit travel service provider 112.56
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