in the tds entery party ledger which group under craete
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Answer / joydeep
As per the Question which I understood, This is a simple
transfer of current Liability from one head to another. In
this entry, we have reduced Vendor Payable Liability and
subsequently increase Statutory Liability.
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Answer / meena - gokul
It is Created under Current Liabilities Group
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On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
sold merchandise at rs 11,000 price and received in cash 9,000 what will be the journal entry
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