Interested to Buy Any Domain ? << Click Here >> for more details...
A is vendor of B. B owes him 50000/-. A asked B to conduct
an event on his behalf and the expenses incurred by B was
25000/-. A issued a credit note in favour of B in full ,
stating that TDS done @10% on 25000/-. Now , B has to settle
A's balance.
1.Entries in the books of B
2.How much B repaid to A for settlement and the Entry in his
books.
- 5 Answers
- 6822 Views
- CTPL, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pramod sahu
B Ledger Account
1. Bank/Cash A/c Dr. Rs.50,000.00
Vendor A's A/c Cr. Rs.50,000.00
2. Vendor A's A/c Dr. Rs.25,000.00
Sales/Service A/C Cr.25,000.00
3. Vendor A's A/c Dr. Rs.25,000.00
Bank/Cash A/c Cr. Rs.25,000.00
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / gunjan
A dr 27500
To B/P 27500
B/P Dr 27500
To Bank 27500
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gunjan
A dr 27500
To B/P 27500
B/P Dr 27500
To Bank 27500
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sourabh dudeja
Dr Cr
Expenses 25000
To Bank 25000
Dr Cr
A a/c Dr 25000
TDS a/c cr 2500
To Bank a/c 22500
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / p. vedha
IN B'S BOOK
vendor A a/c 24500
tds a/c 500
to cash/bank 25000
therefore B should settle Rs. 49500/- to A
| Is This Answer Correct ? | 0 Yes | 3 No |
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
Tell me what is accrual accounting?
what is accural ledger
3 Answers Bank Of America, HSBC,
WHAT IS SHARE OPTION OUTSTANDING ACCOUNT??
1 Answers National Institute of Food Technology Entrepreneurship and Management NIFTEM,
How to set/ determine Credit limit of a customer in Manufacturing and Trading Business?
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
april'13 salary we paid in aug'13 what is the entry in books
Difference between P/L a/c and Trading a/c
What is accounting ethics?
How Calculation of Bonus on Basic or Gross amount( pay in hand)?
f-form is issued for transfer of good.is issued on purchsing amount or sale amount on which tax is paid.
What is negative goodwill?
Audit 
