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Pass a entry for the Contract receipts of Rs. 20000 after
deduction of mobilization adv 30%, TDS 2.244%,Works
Contract TDS 2% and retention money @ 10%
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Answer Posted / munnalal
SUNDRY DEBTORS- 20000/-DR
MOBILIZATION- 10761.17/-DR
TDS RECEIVABLE- 804.94/-DR
WORK CONTRACT TAX- 717.41/-DR
RETENTION- 3587.06/-
SALES-WORK CONTRACT- 35870.58/-CR
__________ ____________
35870.58/-DR 35870.58/-CR
| Is This Answer Correct ? | 7 Yes | 0 No |
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