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author's profile photo Former Member
Former Member

EWT down payment clearing

Hi

I have paid advance to a vendor of Rs 10000 after deduction TDS. The entry is as follows:

Bank dr 8867

Vendor Adv dr 10000

TDS cr 1000

Surcharge cr 200

Ecess cr 22

H ecess cr 11

While I am transfering the down payment amt to the normal vendor GL through transaction code F-54 a reverse entry is being passed as follows:

Vendor Adv cr 10,000.00

Vendor cr 8,900.00

TDS dr 1,000.00

Surcharge dr 100.00

Here the reversal entry is OK except that the E cess & H Ecess amount is not being reversed.

How can i rectify the mistake?

Regards,

Smriti

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Dec 20, 2008 at 10:20 AM

    hi,

    Give Business place to all GL accounts in advance payment document.

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 20, 2008 at 10:49 AM

    Hi Smriti,

    As of now,

    your accounting entry is wrong. Your entry:

    Bank dr 8867

    Vendor Adv dr 10000

    TDS cr 1000

    Surcharge cr 200

    Ecess cr 22

    H ecess cr 11

    means total Debit=(8867+10000)=18867

    total Credit=(100020022+11)=1233

    which can't be possible because Dr. must be equal to Cr.

    Please check and verify again. You can get in touch with me at: 9711330883.

    Sanu

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