Contractors entry
This query is : Resolved
27 January 2012
respected sir,
I have doubt about Accouting entries of contractors how should ia can do it in tally9.and contractors are like decorators, painters etc
I have doubt about Accouting entries of contractors how should ia can do it in tally9.and contractors are like decorators, painters etc
27 January 2012
on booking
Dr: Expenses or Asset(incase fixed asset)
Cr: TDS payable (applicable rate)
Cr: Contractor a/c
on payment
Dr:Contractor a/c
Cr:Bank a/c
Incase advance payment
Dr:Contractor a/c
Cr:TDS payable a/c
Cr: Bank a/c
Dr: Expenses or Asset(incase fixed asset)
Cr: TDS payable (applicable rate)
Cr: Contractor a/c
on payment
Dr:Contractor a/c
Cr:Bank a/c
Incase advance payment
Dr:Contractor a/c
Cr:TDS payable a/c
Cr: Bank a/c
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