kailash

• May 31st, 2012

Once TDS deducted in current year, we cannot reverse the same in next year. According to Income tax act, TDS has to deduct from Vendor Account, at time of accounting of bill or at time of payment whic...

kumar

• Feb 3rd, 2012

Provision entries are entries that are made to account for expenses that have not been accounted in the period for which it relates. Hence the provision is created by debiting the expenses and crediting the party account or liability account.

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