i received annual inncentive received with deduction of TDS
from My suplier. Total amount 100000/- Inncentive.Rs.90000/-
Tds Rs.10000/- how to take entry in my books.
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Answer Posted / amit kumar tiwari
JV
Supplier A/C Dr. 100,000.00
to Incentive(your name) 90000.00
TDS 10000.00
(Being inncentive due for the period of ...........)
PV
Incentive or(Your Name) Dr. 90000.00
to Bank/Cash 900000.00
(Being Amount paid against Inncentive for the
period:.............)
| Is This Answer Correct ? | 6 Yes | 2 No |
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