Accounting Entry for TDS
This query is : Resolved
18 June 2008
Hi
whether TDS receivable entry should be passed when we raise the bill? and also tell me the entry shown below is correct
For Eg I am raising invoice for the RS 100000
The entry in my book will be
Party A/c Dr 90000
TDS receivable A/c Dr 10000
To Revenue A/c 100000
whether TDS receivable entry should be passed when we raise the bill? and also tell me the entry shown below is correct
For Eg I am raising invoice for the RS 100000
The entry in my book will be
Party A/c Dr 90000
TDS receivable A/c Dr 10000
To Revenue A/c 100000
18 June 2008
0
18 June 2008
YES, ENTRY IS CORRECT
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