Tds
Querist : Anonymous
after audit of firm it was observed that firm has not claimed a tds deduted by other party,in such case what adjustment entry will enter to provid the benefit to firm of tda recoveeable?
The firm can pass the entry in the next financial year in the books of accounts as for the current year the books of accounts have already been audited and closed.
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
So now you have to pass Rs100 entry as follows:-
TDS(Asset) or Advance Tax .....Dr 100
To, Customer Account ..........Cr 100
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