If a govt organisation deducts 1% labour Cess
from vendor payment then
In the books of accounts of vendor how will this entry be done?
Debit: Labour Cess payable account = 1% of XXX (labour cess amount)
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6242 Points)
Replied 09 November 2024
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