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Jul 04, 2009 at 05:08 AM

Payment after duducting the Diesel Amt

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Hi All,

My scenario is, We have a regular freight vendor & some times we will provide the diesel to his vehicles.

Say total freight charge invoice for this month from that freight person is Rs 1000 & we have provided Diesel of Rs100 to him in this month, so now we need to pay him only Rs 900 & TDS needs to deduct on Rs 1000.

Pls let me know which one is the best method to follow ?

If i create that Freight vendor as cost centre, my acc entries @ the time of Diesel issue will be stk-Cr & Consn-Dr, But Can we make this as stk-Cr & Vendor Dr ? So that when i post inv for Rs1000, TDS also will calculate & Actual paymant will be for Rs900.

regds,

CB