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I Have Deducted the tds against advance payment and how to
adjust in the bill
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Answer Posted / amit kumar tiwari
Advance Entry. Paid 10000/-
Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200
(Being amount paid as Advance)
When bill receive Rs.25000/-
Printing & Stationery Dr. 25000
To Vendor Cr. 24700
To TDS on Contract Cr. 300
(Bill No……….. Tds already paid Rs.200.00
final entry.
Vendor Dr. 14700
to Cash 14700
(Being Amount paid against bill no…………..)
| Is This Answer Correct ? | 36 Yes | 12 No |
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