Sumiti Jain (FP) (1364 Points)
28 August 2013
bhuvana
(Accounts)
(150 Points)
Replied 28 August 2013
Sumiti ji,
Like other creditors, the sub-contractor ledger to be created along with a ledger for TDS.
Entry for Booking wud be :
Labour charges (expense head) 1000.00
To Sub-Contractor – TDS a/c. 10.00
To Sub-contractor A/c. 990.00
Entry for payment :
Subcontractor A/c
To Bank/Cash
TDS remittance :
Sub-contractor TDS A/c.
To Bank
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