ONE OF MY CLIENT PAID GST FOR HIS RELATIVES BUSINESS FROM HIS CURRENT ACCOUNT.
WHAT WILL BE ACCOUNTING TREATMENT/JOURNAL ENTRY IN TALLY?
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TALLY ENTRY FOR GST PAID
Replies (1)
Payment entry in Client Books,
Account Receivable (Relative Account) Dr.
Bank Account Cr.
Journal Entry in Relative Books,
GST Payable Dr.
Account Payable (Client Account)
Account Receivable (Relative Account) Dr.
Bank Account Cr.
Journal Entry in Relative Books,
GST Payable Dr.
Account Payable (Client Account)
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