Journal entries of manpower provider
This query is : Resolved
12 July 2016
I received a bill of manpower provider ( providing staff for office work). They raise a bill of rs 100000 ( bill raised by pvt Co.),Then journal entries will be as follows
Manpower Expenses 100000 Dr
To Tds Payable Sec 194 C 2000
To ABC Co. 98000
On Payment
ABC Co. 980000
Tds Payable Sec 194 C 2000
To Bank 100000
My Question is that above entries are correct or not.We are maintaining manpower supplier account in proper way or not.In future can our ledger can be tallied with their.
Please guide.
Manpower Expenses 100000 Dr
To Tds Payable Sec 194 C 2000
To ABC Co. 98000
On Payment
ABC Co. 980000
Tds Payable Sec 194 C 2000
To Bank 100000
My Question is that above entries are correct or not.We are maintaining manpower supplier account in proper way or not.In future can our ledger can be tallied with their.
Please guide.
02 August 2024
https://docs.google.com/document/d/10TGGpN-yXdVvTG39p3rsfVRXFaaM2igLBPll4NKxlAA/edit?usp=sharing
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