Difference between revisions of "10. What is the double entry for service tax invoice and CN issued using SV tax code?"
From eStream Software
| Line 17: | Line 17: | ||
|- | |- | ||
| 500-000 | | 500-000 | ||
| − | | Sales | + | | Service Sales |
| SV | | SV | ||
| | | | ||
| Line 71: | Line 71: | ||
| | | | ||
| 30.00 | | 30.00 | ||
| + | |}<br /> | ||
| + | |||
| + | :3. Reduce/cancel the partly of the service amount. Issue CN using '''tax code: SV''' | ||
| + | ::{| class="wikitable" border="1" | ||
| + | |- | ||
| + | ! GL Acc | ||
| + | ! Desciption | ||
| + | ! Tax | ||
| + | ! DR | ||
| + | ! CR | ||
| + | |- | ||
| + | | 500-000 | ||
| + | | Service Sales | ||
| + | | SV | ||
| + | | 500.00 | ||
| + | | | ||
| + | |- | ||
| + | | SST-203 | ||
| + | | SST - Deferred Tax | ||
| + | | SV | ||
| + | | 30.00 | ||
| + | | | ||
| + | |- | ||
| + | | 300-A0001 | ||
| + | | Customer ABC | ||
| + | | | ||
| + | | | ||
| + | | 530.00 | ||
|}<br /> | |}<br /> | ||
Revision as of 03:07, 17 February 2020
Answer:
1. Invoice issue
GL Acc Desciption Tax DR CR 300-A0001 Customer ABC 1060.00 500-000 Service 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
- 3. Reduce/cancel the partly of the service amount. Issue CN using tax code: SV
GL Acc Desciption Tax DR CR 500-000 Service Sales SV 500.00 SST-203 SST - Deferred Tax SV 30.00 300-A0001 Customer ABC 530.00