sayad (Executive) (203 Points)
11 January 2021HI
Could someone help me
I am working in small local civil contractor firm What ledgers i need to maintain and entries to pass
We get contract and we receive money for the civil work
there is TDS deducted and we also deduct TDC for labour paymnet
beside that we have GST to be paid and recieved
and some loans and OD
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 January 2021
pandurangSir
(Advisory & consultancy Services)
(26 Points)
Replied 12 January 2021
prepare the receipt & payment accounts summarizing the data available based on that u can prepare the ledger
broadly u has to maintains contractual receipts ledgers cash, bank , expenses, labour charges you \outsourced & loans you had availed
CAclubindia
