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Pass a entry for the Contract receipts of Rs. 20000 after
deduction of mobilization adv 30%, TDS 2.244%,Works
Contract TDS 2% and retention money @ 10%
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Answer Posted / yvk prasad
mobilization advance a/c dr 6000.00
tds income tax recble a/c dr 449.00
adv.for sales tax/tds on w.c.a/cdr 400.00
retention money a/c dr 2000.00
Sundry debtor/party a/c dr 11151.00
work contract receipts a/c cr 20000.00
| Is This Answer Correct ? | 39 Yes | 13 No |
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