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Mr.A repaired a printer of a company and charge a bill of
Rs.1200? The company paid Mr.A cheque of Rs.1080 and deduct
Rs.120 in TDS after couple of day Mr.A received TDS
certificate from the company. pass all the entries in the
books of accounts.
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Answer Posted / prasad
In the books of Company
1.When we received bii
Repairs A/c --- Dr 1200
To 'A' A/c - 1080
To TDS Payable A/c 120
Being Repiair of Printer and tds Deducted
2.When we paid the amount
A A/c dr 1080
to Bank A/c 1080
3.When we pay the TDS (next month within 7th date)
TDS payable a/c XXX
to Bank XXX
In the books of Mr A
1.M/s X co ltd dr 1200
to Repairs & Maintenance A/c 1200
2.Bank A/c Dr 1080
TDS receivable a/c dr 120
to M/s X co ltd 1200
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