Finance Business Blueprint Document

05. GST Payable against advance (Memorandum)

 

It's a system generated control account

 

Classification

Same-as

Group (proposed)

Normal

Advance from customers

ASSETS >> CURRENT ASSETS >> SHORT TERM LOANS AND ADVANCES >> STATUTORY CHARGES RECOVERABLE

 

Edit/delete not allowed for this ledger. Ledger is not available for doing transaction

 

This ledger is used for memorandum posting from Sales and customer care module against receipt entry on advance mode. There is no impact in books of accounts

 

Description  

Parent Description  

Debit Amount  

Credit Amount  

Posting Type  

ICICI Bank -6413

 

75,000.00

 

Memorandum

Clove-716-Mr. Sumit Bansal

GST PAYABLE AGAINST ADVANCE (Memorandum)

3,572.00

 

Memorandum

Clove-716-Mr. Sumit Bansal

Customer (Memorandum)

 

71,428.00

Memorandum

CGST On Sales Payable

 

 

1,786.00

Memorandum

SGST On Sales Payable

 

 

1,786.00

Memorandum

Clove-716-Mr. Sumit Bansal

Customer (Memorandum)

 

3,572.00

Memorandum

 


© Gamut Infosystems Limited