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

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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