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what is the journal entry if bank deducted tds on commision
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Answer / rajat dey
Receipt Entry
--------------
Commision A/C Cr. Rs........
(Under income site for P/L)
TDS Receivable A/c Dr. Rs.........
(Under Loan & Advacne(Asset)site for B/L)
Bank A/c Dr. Rs.........
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Answer / shatrudhan sinhg
Dr. TDS Receivable
Cr Bank TDS received
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Answer / rajat dey
Receipt Entry
-------------
Commision Cr. Rs...........
(Under Incoeme in P/L)
TDS Receivable Dr. Rs.........
(Under Loan & Advance(Asset) in B/L)
Bank Dr. Rs........
| Is This Answer Correct ? | 0 Yes | 1 No |
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