A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books.

5 Answers   CTPL,

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Can you name different branches of accounting?

0 Answers  

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Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?

0 Answers  

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what is current rate of excise duty in india

2 Answers  

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If A are issueing a Cheque to B when B will present the Chq. in Bank than what entry will be prepare by the Bank in Their Books ?

3 Answers  

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If We Are Purchase Any Service For Ex. Agency Charges From Creditors & Give Or Sale The Same To Debtors; Then How I Open Agency Charges Ledger? What Is The Grouping Of It? Is It Purchase A/c. Or Sales A/c.? And If Its Purchase A/c. Then How I Enter It In Debtors A/c. Or Should I Make Two Different Ledgers With Two Groupings Purchase One And Sales One?

1 Answers  

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What is personal account?

4 Answers   HCL,

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How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)

0 Answers  

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what is revenue recognition rule, and can you specify the answer.

0 Answers   Consero Global,

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i want to know f form and how to use and how can purchase

0 Answers  

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what is Sundary Debtor and sundary creditor.

5 Answers  

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What are recent changes in Service Tax Reverse Charge by Budget 2012?

2 Answers   DMRC,

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