Interested to Buy Any Domain ? << Click Here >> for more details...
When tds is deducted from the payments to suppliers, how the
Entry will appear in books of accounts in tally.
- 3 Answers
- 5140 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nilesh
TDS A/C - Dr.
Suppliers A/C -Dr.
To Bank A/c
(being TDS amount Dedecuted from suppliers payment and
remaining amount payment to suppliers and Tds amount deposited.)
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / bachcha kant choudhary
Party a/c Dr.4000 (in tally double entry)
To Bank a/c Cr.3920
To Tds a/c Cr.80 (@2%)
in single entry
party a/c dr.4000
tds a/c dr. -80
| Is This Answer Correct ? | 1 Yes | 0 No |
ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.
what is npa?
Are all employess of Embassies and World Bank in India are exempt form paying service tax for personal and offical use of the services or only Dimplomats in case of Embassies and Selected emplyoees of World Bank are exempt from payeing Service Tax for personal/offical use
defference between capital assets and fixed assets
My Books of Accounts started from January 2013, I have opening Bank Balance Rs.1000/- Owner says this amount paid by one client in December 2012 appear in bank statement What is Accounting entry for the Accounting 2013 ?
What are the three factors that can affect your cash flow and business profitability?
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
bill amount 30000 how to charge tds as sec 194c
definition of debenture ?
april'13 salary we paid in aug'13 what is the entry in books
What are the four classifications of bad and doubtful debts as per the context of the bank?
wahat is the journal entry for cheque paid for collection but not collected?
Audit 
