10. What is the double entry for service tax invoice and CN issued using SV tax code?: Difference between revisions
From eStream Software
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1. '''Invoice issue''' | 1. '''Invoice issue''' | ||
:{| class="wikitable" border="1" | ::{| class="wikitable" border="1" | ||
|- | |- | ||
! GL Acc | ! GL Acc | ||
Line 29: | Line 29: | ||
|}<br /> | |}<br /> | ||
2. '''Partial Payment''' | 2. '''Partial Payment''' knock-off with invoice | ||
{| class="wikitable" border="1" | ::{| class="wikitable" border="1" | ||
|- | |- | ||
! GL Acc | ! GL Acc | ||
Line 49: | Line 49: | ||
| | | | ||
| 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