In practice, professionals issue receipts for services rendered.
Serendipitous Clicks render photography services to customers. For the services provided, they issue receipts on the payments received from their customers.
Serendipitous Clicks rendered their photography services to Jass Jewels worth ₹ 2,00,000 on which a service charge of 12.36% is charged. On 25-5-2015, they received payment of ₹ 3,37,080 and issued a receipt to them.
To record the transaction
Go to Gateway of Tally > Accounting Vouchers > F6: Receipt
Select Cash from the List of Ledgers in the Account field.
Select the income ledger under Particulars.
Enter 200000 in the Amount field.
Select duties and taxes ledger. The service tax rate will get calculated automatically.
Press Enter.
Enter Narration, if required.
The Receipt voucher appears as shown below:
Press Enter to accept.
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