what is the entry of tds

Answer Posted / sujit kumar singh

If Tds certificate received then

By Bank a/c Dr 9000/-
By TDS a/c Dr 1000/-
To Party Name A/C Cr 10,000/-


If Tds Deduct and certificate given then

By Party Name A/C Dr 10,000/-
To TDS a/c Cr 1000/-
To Bank a/c Cr 9000/-

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