I have purchase recharge from Airtel of rs.10000 and paid rs. 10000
after sold out the stock I am getting commission of 100 near about 1℅
TDs also deducted on 100
total commission received 90 as stock of recharge and rs. 10 TDs to income tax
pls help to pass entry in tally
your query is not clearly explained....
i am assuming that you are a commission agent for doing recharge.
if that is the case
recharge purchase
recharge purchases a/c....Dr 10K
To Cash/Bank 10K
and for tds
bank a/c....Dr 90
Tds recievable a/c.... Dr 10
To income. 100
CAclubindia
