Dear Experts,
Greetings ...
pls help me out on this query;
i have recd Advertisement pmt mail by Hr for Pmt which is 50k +Gst 18%
now my Q is Advertisement Agency will Provide bill after pmy recd, in that case what accounting entry should i pass , as i m not recd any bill and also i hv to deduct tds
pls Guide
Menu
On Account Payment entry
Replies (2)
Advt co. Dr. 50000
To Bank 49000
To tds payable 1000
To Bank 49000
To tds payable 1000
Dr. Advertisement Agency A/c - Rs. 59,000
Cr. Bank A/c - Rs. 58,500
Cr. TDS Payable A/c - Rs. 500
Note : If the Advertisement Agency is proprietary co then deduct TDS 1% or Partnership & other then deduct 2%.
Cr. Bank A/c - Rs. 58,500
Cr. TDS Payable A/c - Rs. 500
Note : If the Advertisement Agency is proprietary co then deduct TDS 1% or Partnership & other then deduct 2%.
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
