Hi Sir
Can i make TDS Recivable entry at the time of making Sales entry or at the time of receipt entry
Please advise
Also request you to advise TCS Payble entry if there is a sale of Rs. 5,00,000
Thanks in advance
CRR RR
(41 Points)
Hi Sir
Can i make TDS Recivable entry at the time of making Sales entry or at the time of receipt entry
Please advise
Also request you to advise TCS Payble entry if there is a sale of Rs. 5,00,000
Thanks in advance
Naga Upendra
(161 Points)
Replied 23 January 2025
Sales entry when TDS
Sundry receivables Ac dr
TDS Receivables. Ac dt
To sales
Sales entry when TCS
Sundry receivables.
To TCS payable
To. Sales
Kevin Lad
(12 Points)
Replied 23 January 2025
You can make TDS receivable entry on the date of sale or as on invoice date.
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies