web analytics

CASE 1 

First Bill Issued then Amt Received

SALES 100000 + 18000 GST ON 19 AUG TO A LTD

PAYMENT RECEIVED ON 24 OCT.

PASS ENTRIES

View Answer

CASE 2

Payment Received in Advance

SALES 100000 + 18000 GST ON 19 AUG TO A LTD

WHOLE PAYMENT RECEIVED IN ADVANCE  ON 24 JULY.

PASS ENTRIES

View Answer

CASE 3

Partial Payment Received in Advance

SALES 100000 + 18000 GST ON 19 AUG TO A LTD

30% PAYMENT RECD ON 24 JULY.

BALANCE ON 24 OCT

PASS ENTRIES

View Answer

CASE 4

Lumpsum Payment Received in Advance

30000 PAYMENT RECD ON 24 JULY

BALANCE ON 24 OCT

PASS ENTRIES

View Answer

 

How to show GST in Returns?

July and August advance.jpg

  1. Accounts and Finance
  2. Accounts with Taxes
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
Jail