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I have received 75000/- as retainership fees from ABC company but they
have deducted TDs 10% and send me 67500/- my question is that what
entry i have to pass in my books please help me
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Answer Posted / barodianbuddy
When earning is due
ABC co DR 67500
TDS DR 7500
Retainership fees CR 75000
When Received
Retainership fees DR 67500
ABC co CR 67500
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