UK Accounting entry - Witholding taxt for service received

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crisdall

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Hi

We have paid for a service a total amount of USD8950:
withholding tax is USD450
and the payment to the vendor is USD8,500.

Which would be the accounting entries?
Please help!


Thanks!
 
T

Triest123

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Feb 12, 2012
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[QU. E="crisdall, post: 638526, member: 10527"]Hi

We have paid for a service a total amount of USD8950:
withholding tax is USD450
and the payment to the vendor is USD8,500.

Which would be the accounting entries?
Please help!


Thanks![/QUOTE]

Dr Service fee. 8950
Cr . Withholding Tax payable. 450
Cr . Account payable. 8500
 
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