in the tds entery party ledger which group under craete

Answers were Sorted based on User's Feedback



in the tds entery party ledger which group under craete ..

Answer / joydeep

As per the Question which I understood, This is a simple
transfer of current Liability from one head to another. In
this entry, we have reduced Vendor Payable Liability and
subsequently increase Statutory Liability.

Is This Answer Correct ?    0 Yes 0 No

in the tds entery party ledger which group under craete ..

Answer / meena - gokul

It is Created under Current Liabilities Group

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Accounting General Interview Questions

what do you mean by bank reconocilition statement

2 Answers  


entry of salary after deducting esi and pf

2 Answers   Fiat,


How to adjust bank charges in bank od a/c?

0 Answers  


The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

0 Answers  


Why an Expenditure is called Differed?

0 Answers   Accenture,






Do you think there is any difference between inactive and dormant accounts?

0 Answers  


what is the difference in direct expenses and indirect expenses?

9 Answers  


Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?

0 Answers  


lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

0 Answers   CPT,


A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

0 Answers  


when re ordring quantity is 300 unit.minimum usage is 20unit minimum lead time is 5 days , maximum stock 400 unit , re - ordering will be: 1)300 unit 2)200 unit 3)400 unit 4)100 unit

2 Answers  


Why did you select accounting as your profession?

0 Answers  


Categories