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Where does TDS payable & receivable appear in the books of
accounts
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Answer Posted / shakeel
tds payable is our laiblities and recievable tds is our
current assets.
it comes in journal entry
tds payable:
vendor a/c dr xxx
to tds payable a/c xxx
tds recievable
tds a/c dr xxx
to customer a/c xxx
after recieving and paying amount out of bill amount it
will be deducted.
| Is This Answer Correct ? | 98 Yes | 9 No |
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