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Tds provision

This query is : Resolved 
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(Querist)
09 May 2013 Can anybody tell me what is TDS Provision & Provision Entry ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 May 2013 Provision entry is booking expenses without crediting vendor account. TDS provision is deducting tds from vendor bills
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
13 May 2013 First you debit the expenses and credit the party thereafter you debit the party credit the TDS and when you make the payment of TDS you debit TDS and credit the Bank
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shashank manohar sakpal

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shashank manohar sakpal (Querist)
23 May 2013 thanx friend
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