Where does TDS payable & receivable appear in the books of accounts

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Question

Where does TDS payable & receivable appear in the books of 
accounts

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Re: Where does TDS payable & receivable appear in the books of accounts

Answer
# 1

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 ?

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0 No

Shakeel

Re: Where does TDS payable & receivable appear in the books of accounts

Answer
# 2

Tds payable is our laiblities and Tds recievable is our 
current assets.

Is This Answer Correct ?

1 Yes

0 No

Sridharan.v

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