If A Company pays amount thru bank for a supplier deducting
tds on behalf of B company.
Accounting entries to be made in company A and B
- 1 Answers
- 4141 Views
- Farmax, I also Faced
- E-Mail Answers
Answer Posted / manish sarda
Accounting entries in A's Books
B's a/c Dr......
To Supplier's a/c
Supplier's a/c Dr.....
To Bank a/c
To TDS a/c
TDS a/c Dr......
To Bank a/c
Accounting entries in B's Books
Expenses a/c Dr.....
To Supplier's a/c
Supplier's a/c Dr.......
To A's a/c
I hope the above serves the purpose, we can further fine
tune the entries based on companies accounting policies.
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
What is control in accounting?
when & how interest on unsecured loan is calculated?
Explain me do you think accounting standards are mandatory and why?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
What a deferred asset is and give an example?
export sales contract and domestic sales contract? india's trade in commercial services?
What is the dual aspect concept?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
Define partitioning in accounting?
what are doucement required under registration of properity firm. give the answer breif
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.
