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  • Sales Entry

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    Md. Real Miah
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    This document records two journal entries related to a project development. The first entry debits project development and VAT expenses for £556,522 and £83,478 respectively, crediting accounts receivable from IB Vogt (BD) Ltd for £640,000. The second entry debits IB Vogt (BD) Ltd's receivable for £640,000, credits TDS and VDS expenses for £55,652 and £83,478 respectively, and credits the bank account for £500,870 upon receiving payment from IB Vogt (BD) Ltd.

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    Sales Journal Entry

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    This document records two journal entries related to a project development. The first entry debits project development and VAT expenses for £556,522 and £83,478 respectively, crediting accounts receivable from IB Vogt (BD) Ltd for £640,000. The second entry debits IB Vogt (BD) Ltd's receivable for £640,000, credits TDS and VDS expenses for £55,652 and £83,478 respectively, and credits the bank account for £500,870 upon receiving payment from IB Vogt (BD) Ltd.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    Sales Entry

    Uploaded by

    Md. Real Miah
    This document records two journal entries related to a project development. The first entry debits project development and VAT expenses for £556,522 and £83,478 respectively, crediting accounts receivable from IB Vogt (BD) Ltd for £640,000. The second entry debits IB Vogt (BD) Ltd's receivable for £640,000, credits TDS and VDS expenses for £55,652 and £83,478 respectively, and credits the bank account for £500,870 upon receiving payment from IB Vogt (BD) Ltd.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Entry

    1 Project Development Dr 556,522


    VAT on Consultancy Fee Dr 83,478
    IB Vogt (BD) Ltd. A/R Cr 640,000

    2 IB Vogt (BD) Ltd. A/R Dr 640,000


    TDS on Consultancy Fee Cr 55,652
    VDS on Consultancy Fee Cr 83,478
    Bank A/C Cr 500,870

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