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Former Member
Mar 12, 2007 at 11:23 AM

Tds, Ap/Ar and Spl GL


Hi Gurus,

Please answer

1. If wrong Tds is deducted, what will be the effect and how we can rectify it?

2.If we post a transaction in special period which is related to 12th period(March), whether balance will automatically updated in next financial year or not? what will be the effect?

3.At year end, On account payment given Rs 10000 through Spl GL indicator and vendor has cr balance of Rs 1,50000, having 20 open items at the year end.

How transaction will be verified & cleared against bills and how will be carry forward in next financial year

Kindly revert asap.

Thank You