22 September 2022
Hello sir, I have query..... we paid the commission 20,000/- and by mistake we did the full payment without any deduction,, next payment we deduct the above tds amount also. what's pass the entry? 1) COMMISSION PAID A/C DR 20000 SHORT & EXCESS A/C DR 1000 TO BANK A/C 20000 TO TDS 10000
2) NEXT PAYMENT ENTRY COMMISSION PAID A/C DR 15000 TO BANK A/C 13250 TO TDS A/C 750 TO SHORT & EXCESS A/C 1000
22 September 2022
1) COMMISSION PAID A/C DR 20000 TO BANK A/C 20000 2) NEXT PAYMENT ENTRY COMMISSION PAID A/C DR 15000 TO BANK A/C 13250 TO TDS A/c 1750