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how to do T.D.S entries in account books

Answer Posted / manish

If tds is deducted against bill raised by you, then it will
be treated as current asset. The accounting entry for the
same will be as follows.

Dr. Cash / Bank account (When payment is received)
Dr. TDS Receivable account.
Cr Vendor Account

Is This Answer Correct ?    4 Yes 1 No



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