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Answer Posted / rajesh v
In the Books of Payer on Contract work
Contract work a/c Dr
To Sundry Creditor a/c
Sundry Creditor a/c Dr
To TDS a/c
Sundry Creditor a/c Dr
To Cash/ Bank a/c
TDS a/c Dr
To Cash/ Bank a/c
In The Books of Payee on Contract amount Received
Sundry Debtor a/c Dr
To Contract Charges a/c
TDS a/c Dr
To Sundry Debtor a/c
Cash/ Bank a/c Dr
To Sundry Debtor a/c
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