Accounting Entry for TDS
This query is : Resolved
Vijaykumar.P
(Querist)
18 June 2008
Hi
whether TDS receivable entry should be passed when we raise the bill? and also tell me the entry shown below is correct
For Eg I am raising invoice for the RS 100000
The entry in my book will be
Party A/c Dr 90000
TDS receivable A/c Dr 10000
To Revenue A/c 100000
whether TDS receivable entry should be passed when we raise the bill? and also tell me the entry shown below is correct
For Eg I am raising invoice for the RS 100000
The entry in my book will be
Party A/c Dr 90000
TDS receivable A/c Dr 10000
To Revenue A/c 100000
Vijaykumar.P
(Querist)
18 June 2008
0
CA BISHAN AGARWAL
(Expert)
18 June 2008
YES, ENTRY IS CORRECT
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