Answer Posted / srinivas
tds is tax deduction at sources tds computation is follow through chart and
entry
when the tds deducted from party
Tds Receivable or party A/c
To Tds deducted and Payable
When the payment made monthly tds
Tds Deducted and Payable...dr
to Bank Or cash
Tds receivable on the financial year last
Provison for tax A/c ...Dr
To Tds receivable
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