hi, if we deducted Amazon tds on his invoice and later on we will be claimed from Amazon, the following entries are below is correct?
AT THE TYM OF BOOKING
TDS RECEIVABLE A/C DEBIT
TDS PAYABLE AC/C CREDIT
AT THE TYM OF PAYMENT
TDS PAYABLE A/C DEBIT
BANK A/C CREDIT
AT THE TYM OF RECEIVED.
BANK ACCOUNT DEBIT
TDS RECEIVABLE CREDIT
CAclubindia
