Accounting treatement for TDS by debtors
This query is : Resolved
30 April 2008
can any one tell me the accounting entry at the end of the year for tds deducted by debtors i mean it is to be written off or carried forward
30 April 2008
Debit TDS Receivable A/c
Credit Debtor's A/c
Both the balances(TDS & Debtors) is to be carried forward.
The TDS amount can be adjcsted with Income Tax liability
Credit Debtor's A/c
Both the balances(TDS & Debtors) is to be carried forward.
The TDS amount can be adjcsted with Income Tax liability
02 May 2008
to be c/f
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