Can anyone please tell me how to account TDS RECEIVABLES.
(In Receipt entry is it possible to show the break up of TDS
deducted & balance payment recd in single entry

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Can anyone please tell me how to account TDS RECEIVABLES. (In Receipt entry is it possible to show ..

Answer / balaji

yes its possible in single entry and the entry is

tds recievable a/c dr
balance amount a/c dr
to customer a/c

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Can anyone please tell me how to account TDS RECEIVABLES. (In Receipt entry is it possible to show ..

Answer / pravin

tds recievable is asset of the company is advance tax,
yes is possible in single entry

Is This Answer Correct ?    4 Yes 1 No

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