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