Accounting entries

devang (CA FINAL article ) (181 Points)

09 March 2012  

 

mm civil con have contract with m/s krishna ciliv con as on 23/03/2011 contract price received 7425740. TDS 14515,
 
there is only one entry for accounting year 2010-11.
 
what is accounting entry?
 
company want to refund the TDS amount what should do ?
 
please reply