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 / harindr sahani
Entry
cash / bank a/c Dr. 20000/-
TDS Receable a/c Dr 1515/-
Mobilization a/d. Dr 10761/-
Retention maney a/cDr. 3587/-
To Party a/c 35863/-
| Is This Answer Correct ? | 11 Yes | 13 No |
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