Interested to Buy Any Domain ? << Click Here >> for more details...
while we are paying salary what wil be the entry for tds
deduction
- 7 Answers
- 10681 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kumud mishra
We have to pass entry like this
Salary Dr. 100
TDS On Salary Cr 20
Salary Payable Cr. 80
| Is This Answer Correct ? | 17 Yes | 2 No |
Salary A/c Dr. 100
To Tds on Salary Cr. 20
To salary Payable Cr. 80
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / varun sharma
SALARY A/C DR. 100
TO CASH A/C 80
TO TDS A/C 20
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / mike
Salary A/c Dr. 1000
To Tds on Salary Cr. 200
To salary Payable Cr. 800
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / sanjeev khera
Salary Account Dr.
Tds Payable on salary Cr
when we will deposit TDs the entry will be :
Tds Payable Dr.
Bank/Cash Credit
| Is This Answer Correct ? | 5 Yes | 4 No |
why u maintain accounts in business
PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE IS ASSIGNED TO LAND. WHAT WILL BE THE JOURNAL ENTRY
4 Answers Chartered Accountant,
What is triple entry system.
What is batch input? why we use batch input session in SAP(FICO)?
Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
What is CST ?
What is tds and how it is calculated?
what is accrual concept?
7 Answers Capital IQ, Genpact, TCS,
What is the difference between costing and cost accounting?
What is the difference between consigner and consignee?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
Audit 
