Answer / manish sarda

Accounting entries in A's Books

B's a/c Dr......
To Supplier's a/c

Supplier's a/c Dr.....
To Bank a/c
To TDS a/c

TDS a/c Dr......
To Bank a/c


Accounting entries in B's Books

Expenses a/c Dr.....
To Supplier's a/c

Supplier's a/c Dr.......
To A's a/c

I hope the above serves the purpose, we can further fine
tune the entries based on companies accounting policies.

what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle

0 Answers   Wipro,

---

What is the entry for Good will payment? (received money for Good will)

2 Answers  

---

What are the various systems of accounting? Explain them.

0 Answers  

---

Derivative

2 Answers   Bank Of America,

---

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

0 Answers   Synergy,

---

---

How to determine the market value of a company and what factors are relevant to determine if the company is a viable investment in the long term?

1 Answers  

---

Machinary worth Rs 2000 and sold to Rs 1200. Bought new one Rs 4000 and carige inwards Rs 5 How many amount trafer to Capital a/c?

1 Answers   MCom,

---

Can u explain Invoice format in details?

2 Answers  

---

How to pass entry in Tally erp 9

1 Answers  

---

what is the meaning of tax invoce & retail invoice

1 Answers   Deloitte,

---

calculations of income tax & tds

1 Answers  

---

What is difference between Expense and Expenditure ? Please explain in detail..

4 Answers   Chevron,

---