28 July 2012
Sir, If I receive a amount of Rs.50,000/- the party deducted TDS of Rs.5,000/-, in my account which ledger acount in under what group is to be created?
28 July 2012
for what purpose you recieved amount? if Any services - TDS Rble under head of current asset so j v Bank/Cash A/c Dr 45000 TDS R'ble Dr 5000 To Profeesional Income(concernedA/c 50000 (under head - Direct/indirect Income)