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I Have Deducted the tds against advance payment and how to
adjust in the bill

Answer Posted / mansi

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. 25000



final entry.

Vendor Dr. 15000
to Cash 14500
to TDS On Contact 500
(Being Amount paid against bill no…………..)

Is This Answer Correct ?    9 Yes 29 No



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