Category: Accounting

Sample format of Stock Management

September 22, 2021 By newtaxindia Off

To, Name of the bank  Address Kind Attention: (Relationship Manager)  Subject: Stock Statement for the period Dear Sir/Madam, Please find enclosed here with the following documents: Stock statement for working capital facility/ies, Age-wise details of receivables, Age-wise details of creditors Enclosure: Stock statement for working…

Debt Recover Remind Letter to Bad Debitor

August 7, 2021 By Damodhar C Off

To, Address City, Telangana, 500001   Subject : First Reminder for Late Payment Dear Sir/Maam, It has come to our attention that your account is overdue for payment. So, this letter is to remind you that Invoice/Account Number  : (As given in below table) that …

TCS 206c 1h & TDS 194Q Journal entries

July 5, 2021 By Damodhar C Off

Details TCS collected by Seller u/s 206C 1H TDS deducted by Buyer u/s 194Q   Rs Rs Goods Sold 1,10,000.00 1,10,000.00 (-)Discount -10,000.00 -10,000.00 Taxable Value [Sales] 1,00,000.00 1,00,000.00 GST@18% 18,000.00 18,000.00 Value Including GST 1,18,000.00 1,18,000.00 TCS@0.1% on Value including GST 118.00 – TOTAL…