A Gst registered composite scheme dealer sales of medicines different types of amounts received
1.sales of medicines to customer cash mode amount received
2.sales of medicine to customer amount received through on Google pay and phone pay modes.
3.sales of medicines to customer amount received through on sweeping machine mode.
question:
dealer accounting entry passed procedure in books and ledger name create which head for tally accounts.
Menu
Tally entry and accounting ledger create name
Replies (1)
The dealer in your case is a trader making sales in cash.
No matter whether you received money through Google pay, phone pe or through POS it will all be credited to your bank account so, you are required to create a sales ledger, bank ledger and a cash ledger is already available in tally
As a composite tax payer is not eligible for ITC you don't have to create that.
Hope this helps
Recent Topic
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
Related Topics
CAclubindia
