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

View Answer

Example 4 with Tds

Pass Entry in Example 3 assuming TDS is applicable

View Answer
  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 .