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Where does TDS payable & receivable appear in the books of
accounts

Answer Posted / shakeel

tds payable is our laiblities and recievable tds is our
current assets.

it comes in journal entry
tds payable:
vendor a/c dr xxx
to tds payable a/c xxx

tds recievable
tds a/c dr xxx
to customer a/c xxx

after recieving and paying amount out of bill amount it
will be deducted.

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