Double Entry for payment made to kastam

Im using UBS system, all about GST accounting code is auto create by the system

4800/000 GST control A/c
4800/010 GST input tax
4800/020 GST output tax
4810/000 GST Liabilities (AR)
4820/000 GST Claimable (AP)
4830/000 GST Suspense
9801/000 GST Expenses

Example :
GST output tax (sales) – RM 1000.00
GST input tax (Purchase / expenses) – RM 300.00
Pay to Kastam : RM 700.00

Option 1 :

DR – 4800/010 -GST Output Tax        RM 1000.00
CR – 4800/020GST Input Tax                              RM 300.00
CR – CASH/BANK                                                               RM 700.00

OR

Option 2:

DR – 4800/000 – GST control a/c        RM 700.00
CR – CASH/BANK                                                               RM 700.00

请问哪一个是正确的? 还是两个都错误?

谢谢!

Asked on October 12, 2016 2016-10-12 07:38:22 Business (商家)
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1 Answer(s)

when pay to kastam
Dr – GST control a/c RM700
Cr – Bank RM700

after that post a GL
Dr – GST Output a/c RM1000
Cr – GST Input a/c RM300
Cr – GST control a/c RM 700

Answered on October 13, 2016. 2016-10-13 02:06:04
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