Correct Double Entry After GST-03 Submission

AA-07152

 Information provided by Irene Mok.


 What is your double entry after GST-03 Submission?

 

Table 1:

 

GL Account

Debit

Credit

GST Input tax

 

15079.28

GST Control

15079.28

 

GST Output tax

20775.13

 

GST Control

 

20775.13

Total

35854.41

35854.41

 

Summary:

 

Before payment to Custom:

Balance of GST Input tax = 0.00

Balance of GST Output tax = 0.00

Balance of GST control = (5695.85)

 

Table:

GST control ledger:


GL Account

Debit

Credit

GST Input tax

15079.28

0.00

GST Output tax

0.00

20775.13

Balance

(5695.85)

 

Summary:

 

After payment to Custom:

Balance of GST Input tax = 0.00

Balance of GST Output tax = 0.00

Balance of GST control = 0.00

 

Table:

Ledger:

 

 

GL Account

Debit

Credit

Bank

 

5695.85

GST Control

5695.85

 

 

Table 2:

Completed GST Control ledger:

 

GL Account

Debit

Credit

GST Input tax

15079.28

0.00

GST Output tax

0.00

20775.13

Bank

5695.85

0.00

Balance

0.00

0.00

 

  Information provided by Irene Mok.