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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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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
| Is This Answer Correct ? | 4 Yes | 0 No |
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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