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Tds receivable
I passed below TDS Receivable Entry in the date of 31.3.17.BY,TDS Receivable A/c Dr-15000To,Party A/c Cr-15000Above Tds Recvble Received In Current Year 17-18 Then how would be entry..Please Reply..Thanks.
Replies (1)
It is not TDS receivable a/c.
Just Tax Deducted at Source a/c.
it is an assets a/c.
it will be adjust with tax liability.
In your case entry is: TDS A/c Dr.
To TDS Receivable a/c
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