plse clarify my doubt

This query is : Resolved 

24 January 2009 I am working as a Accounts Executive,
I've one doubt that is in my company we are started a contruction of factory. for that pupose we are issued a chq to the contractor. Ho to post this entry.

25 January 2009 Contracor A/c Dr
Bank A/c Cr
To TDS Payable A/c Cr

after receiveng bill

Building Factory A/c Capitalized Dr

To Contrctor A/c Cr


27 January 2009 it is correct


28 January 2009 Contractor A/c Dr
To Bank A/c
To TDS on Contract A/c

after receiving bill

Building Factory A/c Dr
To Contractor A/c

31 January 2009 yes it is correct treatment



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries