Answer / tgs100

When vendor invoice is created,
Accrual A/C - Dr
Liability A/C - Cr
TDS payable A/C - Cr

When vendor invoice is paid,
Liability A/C - Dr
Bank/Cash A/C - Cr

When vendor invoice is validated, system will also create TDS invoice for TDS Authority.
For TDS Invoice,
TDS Payable A/C - Dr
TDS Liability A/C - Cr

When TDS Invoice is paid,
TDS Liability A/C - Dr
Bank/Cash A/C - Cr

What is Deposit? A customer deposit Rs.15,000/ and he ordered the goods of Rs.10,000/ against the deposit. Now he wants the remaining cash back. how do you do in receivables?

9 Answers   Sierra Atlantica,

---

why we have to reverse the journal entries after Revaluation?is it mandatory if why?

1 Answers   Oracle,

---

what are the documents prepared by functional consultant under aim methodology, which document will be prepared in each phase and which is the important phase in aim.

2 Answers   TCS,

---

i have defined currency rates for the month of june translation purpose and june period is opened but in translation form i have seen periods from july why it happend could u please explain

3 Answers  

---

What is ment by leased asset?

2 Answers   Chartered Accountant, Sierra Atlantica,

---

What is Financial Option

2 Answers  

---

Can I Change the Value set once i attache to MY COA and can i post the journal entries with assiging the valuesets ti the COA

3 Answers  

---

Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

0 Answers  

---

Can two users use same payable document simultaneously? If yes, which user will get the document number assigned first?

2 Answers  

---

What is Proxima Payment Terms?

2 Answers  

---

A check issued to supplier has become time-barred and supplier returns it requesting for a new check. Can the existing check be voided and a new check be issued simultaneously?

3 Answers   TCS,

---

Provide an overview of AR cash receipt processing.

0 Answers  

---