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Anand put Hire charges bill for Rs 185250. During the
course of work we supplied diesel worth Rs 25360,paid
driver battas of Rs 1050.Pl pass journal entry by taking
security deposit @ 5% and TDS @2.25%as deductions from bill
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Answer Posted / b v rao
Journal Entry
Hire Charges Dr 185250
To Security Deposit cr 9262.50
To TDS Payable Cr 4168.00
To Diesel cr 25360.00
To Driver batta Cr 1050.00
To Anand Account cr 145409.50
(Being hire charges payable to Anand)
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