Tds reveivable entry missed

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yogesh singh rajput (Querist)
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04 April 2014 dear experts we have received advance rs 800000.00 from our clients after deducting TDS Rs 20000.00 for the year f y 2012-13 but by mistakenly we take in the books net of the amount i.e. 800000.00 rs. instead of rs 1000000.00 so our ledger shows dr. balance in the clients account. then can i rectified it in the fy 2013-14 if yes what entry made in our books.

Hemant Kumar

Hemant Kumar (Expert)
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04 April 2014 You can make an journal entry.

TDS Receivable Ac. Dr. 20000.00
to Party (Client) Ac. 20000.00

yogesh singh rajput

yogesh singh rajput (Querist)
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04 April 2014 Thanks sir but accually last f.y. 2012-13 is already closed and our accounts has been finalized beside this we have submitted aor return. then which base how to Dr. to TDS Receivable because it will be shown our Balance sheet as current Assest.....
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