Accounting entry

rajeev (Accountant) (159 Points)

19 December 2012  

If some one received commission from party Say xyz & he is a prop.

Commission    294519

Tds deducted    29452

what will be combine entry under which account head & groups.( Rs.294519/- is commission on sale )

Actual collection is 150000/- out of rs.294519/- & on 150000/- i have to pay Service Tax @ 12.36%

What account entry i shall pass in may book.

Kindly advice Thanks