10. What is the double entry for service tax invoice and CN issued using SV tax code?: Difference between revisions

From eStream Software
No edit summary
No edit summary
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1. '''Invoice issue'''
1. '''Invoice issue'''
:{| class="wikitable" border="1"
::{| class="wikitable" border="1"
|-
|-
! GL Acc
! GL Acc
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|}<br />
|}<br />


2. '''Partial Payment'''  
2. '''Partial Payment''' knock-off with invoice
{| class="wikitable" border="1"
::{| class="wikitable" border="1"
|-
|-
! GL Acc
! GL Acc
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|  
|  
| 530.00
| 530.00
|}<br />
:System auto reverse the SST-Deferred Tax after knock-off
::{| class="wikitable" border="1"
|-
! GL Acc
! Desciption
! Tax
! DR
! CR
|-
| SST-203
| SST - Deferred Tax
|
| 30.00
|
|-
| SST-202
| SST - Service Tax
|
|
| 30.00
|}<br />
|}<br />

Revision as of 03:01, 17 February 2020

Answer:

1. Invoice issue

GL Acc Desciption Tax DR CR
300-A0001 Customer ABC 1060.00
500-000 Sales SV 1000.00
SST-203 SST - Deferred Tax SV 60.00

2. Partial Payment knock-off with invoice

GL Acc Desciption Tax DR CR
330-000 BANK 530.00
300-A0001 Customer ABC 530.00

System auto reverse the SST-Deferred Tax after knock-off
GL Acc Desciption Tax DR CR
SST-203 SST - Deferred Tax 30.00
SST-202 SST - Service Tax 30.00