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What is the journal entry for tds certificate received by
the company debtor

Answer Posted / suny

for example
party name (service provider ) 50000
to suny (service receiver )50000

than suny will passed entry
for example this sale is my matrial for building repair

building repair & mtc 50000
to party a/c 49500
tds on contractor 500

when payment is paid by suny
party name 49500
cash / bank 49500

when payment received by party than passed entry
cash/bank 49500
tds recoverable 500
to suny - 50000


plzzzz sorry if my entry is worng- 9817802727

Is This Answer Correct ?    2 Yes 7 No



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