dear colleagues,
ek confusion hai ... ek part jisse hum goods purchase krte hai usse late payment krne per usne humse interest charge kiya hai.. approx 60,000/- toh usne(vendor) ne apni books me hume debit kr diya hai... lekin vhi entry jab hum apni books me krnege toh tds provision applicable hoga or entry hogi(jha tak muje pata hai)--
Dr.interest on late payment. 60k
Cr. party a/c. 54k
Cr. Tds payable. 6k
toh isse toh ledgers k closing bal. me 6k ka difference aa jaega?? toh iska solution hai??
Regards
CAclubindia
