Retention money
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2014
SIR,
PLEASE TELL ME THE ENTRY FOR AMOUNT DEDUCTED AS A RETENTION MONEY..??
PLEASE TELL ME THE ENTRY FOR AMOUNT DEDUCTED AS A RETENTION MONEY..??
20 January 2014
If you receive bills:
Work in Progress A/C. Dr.
To Retention money Payable
To TDS Payable (if any)
To Party
If you issue bills:
Retention Money Receivable Dr.
TDS Receivable Dr.
Party Dr.
To Sales / Service income
Thanks!
Work in Progress A/C. Dr.
To Retention money Payable
To TDS Payable (if any)
To Party
If you issue bills:
Retention Money Receivable Dr.
TDS Receivable Dr.
Party Dr.
To Sales / Service income
Thanks!
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