When tds is deducted from the payments to suppliers, how the
Entry will appear in books of accounts in tally.
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Answer / nilesh
TDS A/C - Dr.
Suppliers A/C -Dr.
To Bank A/c
(being TDS amount Dedecuted from suppliers payment and
remaining amount payment to suppliers and Tds amount deposited.)
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / bachcha kant choudhary
Party a/c Dr.4000 (in tally double entry)
To Bank a/c Cr.3920
To Tds a/c Cr.80 (@2%)
in single entry
party a/c dr.4000
tds a/c dr. -80
| Is This Answer Correct ? | 1 Yes | 0 No |
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