i received annual inncentive received with deduction of TDS
from My suplier. Total amount 100000/- Inncentive.Rs.90000/-
Tds Rs.10000/- how to take entry in my books.
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Answer Posted / urmila
Above Answer is Also Correct But If Your Dont Understand
then I Explain it ... First of All U Received Incentive From
Supplier so Your First Entry Is
Supplier Dr 100000
To Incentive 100000
2nd Time Tds Will Be Deduct From Your Incentive .So You Will
Pass The Entry For Tds
Tds Dr 10000
To Supplier Cr 10000
& the last You Will Received Your Incentive in Cash Or
bank..So It Depend
Cash Dr 90000
Supplier Cr 90000
& i M 100% Sure That This Answer Is Absolutely Correct
| Is This Answer Correct ? | 4 Yes | 0 No |
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