I Have Deducted the tds against advance payment and how to
adjust in the bill
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Advance Entry. Paid 10000/-
Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200
(Being amount paid as Advance)
When bill receive Rs.25000/-
Printing & Stationery Dr. 25000
To Vendor Cr. 24700
To TDS on Contract Cr. 300
(Bill No……….. Tds already paid Rs.200.00
final entry.
Vendor Dr. 14700
to Cash 14700
(Being Amount paid against bill no…………..)
| Is This Answer Correct ? | 36 Yes | 12 No |
Answer / mohd rustam
Advance Entry. Paid 10000/-
Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200
(Being amount paid as Advance)
When bill receive Rs.25000/-
Printing & Stationery Dr. 25000
To Vendor Cr. 25000
final entry will be:
Vendor Dr. 15000
to Cash 14700
to TDS On Contact 300
(Being Amount paid against bill no…………..)
| Is This Answer Correct ? | 14 Yes | 14 No |
Answer / vikas sharma
Vendor A/c Dr. 10000
To cash A/c 9800
To TDS on contract A/c 200
(Being advance payment)
Printing & stationary A/c 25000
To vendor A/c 24700
To TDS on contract 300
( Being amount credited to vendor A/c towards Printing & stationary purchased)
Vendor A/c 14,700
To cash/bank A/c A/c 14700
(Being amount paid)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mansi
Advance Entry. Paid 10000/-
Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200
(Being amount paid as Advance)
When bill receive Rs.25000/-
Printing & Stationery Dr. 25000
To Vendor Cr. 25000
final entry.
Vendor Dr. 15000
to Cash 14500
to TDS On Contact 500
(Being Amount paid against bill no…………..)
| Is This Answer Correct ? | 9 Yes | 29 No |
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