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Answer Posted / srikant barick
1.
Expenses A/c (on which TDS deducted) Dr. 100%
To, TDS Payble A/c (as per central govt. rate)
To, Cash (balance after deduction of tds from exp.)
(if cash paid & expenses early)
2.
Expenses A/c (on which TDS deducted) Dr. 100%
To, TDS Payble A/c (as per central govt. rate)
To, Party A/c (balance after deduction of tds from exp.)
| Is This Answer Correct ? | 46 Yes | 8 No |
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