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Anand put Hire charges bill for Rs 185250. During the
course of work we supplied diesel worth Rs 25360,paid
driver battas of Rs 1050.Pl pass journal entry by taking
security deposit @ 5% and TDS @2.25%as deductions from bill
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Answer / b v rao
Journal Entry
Hire Charges Dr 185250
To Security Deposit cr 9262.50
To TDS Payable Cr 4168.00
To Diesel cr 25360.00
To Driver batta Cr 1050.00
To Anand Account cr 145409.50
(Being hire charges payable to Anand)
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / syed iliyas
Bank account dr(paid by cheque)171820.00
security deposit account dr 9262.00
tds account dr 4168.00
to anand account 185250.00
(being paid to anand as hire charges)
| Is This Answer Correct ? | 1 Yes | 1 No |
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