10 May 2012
Supposed you recd a bill of Marketing expenses from contractor of Rs.35000 and you make a payment after tds deducted @ 1% then entry will have.
1. First you Have creat leadger of Marketing Expenses
Marketing Expenses
Under- Selling Expenses
2nd Ledger will Creat of
Tds On Contractor Under -Duties & Taxed-Tds
3rd Leager will Creat of Contractor Under-Sundry Creditor
CAclubindia
