IN A PATNERSHIP FIRM A AND B R PATNERS
IN 1 APRIL 2009 ENTRY IS LIKE FOLLOWING
BY C\A A 67838
BY C\A B 67838
TO TDS 135676
I WANT TO KNOW WHAT IS THE MENAINING OF ABOVE ENTRY
WHAT IS THE MEANING OF ABOVE ENTRY
Menu
MEANING OF ENRTY
Replies (1)
TDS of the firm for past year (most probably of previous year) is written off the Partners' Capital Account. In other words, TDS of previous year shown under Loans & Advances is transferred to Capital Account. You may have question that what would be the entry when this TDS is refunded. Whatever refund would be received in future will be credited to cap account with interest on refund shown as income.
Recent Topics :
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
Related Topics :
CAclubindia
