How to pass journal entry for service charges received after
tds from a debtor?
Answer Posted / ranjan kr pradhan
For giving service the entry will be:-
Debtor A/c...........Dr
To Service A/c.......Cr
To Service Tax A/c...Cr (If registered under Service Tax)
At the time of payment receiving from debtor:-
Cash/Bank A/c .......Dr
TDS Recoverable A/c..Dr
To Debtor A/c....Cr
| Is This Answer Correct ? | 13 Yes | 2 No |
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