Check sibling questions

Example 3, No TDS

Payment Made in Advance

The Company entered into connect with Max Ltd on 25 April for 100,000+ GST 18%

Whole amount paid in advance on that date to Max Ltd

Bill Received on 10th June from Max for Consultancy Service

Pass Entries assuming no TDS

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Example 4 with Tds

Pass Entry in Example 3 assuming TDS is applicable

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Davneet Singh's photo - Teacher, Engineer, Marketer

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.