Please make suggestion for the following
A.Debtors a/c – Rs.10000
TDS receivable – Rs.1000
Professional income – Rs.11000
1a. DUE
Party a/c Dr 10000
TDS Receivable Dr 1000
To Professional Income 11000
1b. 1.Party a/c Dr. 11000
To Professional income 11000
2.TDS Receivable Dr. 1000
To. Party 1000
Is the second entry 1B-2 entry was correct ????, The 2nd entry credit Party or Professional income ????
B.M/s. A is a Proprietary concern its 26AS shown Rs. 12000 as refund (FY 2014-15)
What is the accounting treatment in the current year. Journal entry for that
Is any JV should pass ?????. What is the journal entry if it is received ????? Is any difference if the assessee is company????
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