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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 / mohd rustam
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 will be:
Vendor Dr. 15000
to Cash 14700
to TDS On Contact 300
(Being Amount paid against bill no…………..)
| Is This Answer Correct ? | 14 Yes | 14 No |
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