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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
Where does TDS payable & receivable appear in the books of 
accounts
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
tds payable is our laiblities and recievable tds is our
current assets.

it comes in journal entry
tds payable:
vendor a/c dr xxx
to tds payable a/c xxx

tds recievable
tds a/c dr xxx
to customer a/c xxx

after recieving and paying amount out of bill amount it
will be deducted.
 
Is This Answer Correct ?    90 Yes 8 No
Shakeel
 
Answer
# 2
Tds payable is our laiblities and Tds recievable is our
current assets.
 
Is This Answer Correct ?    68 Yes 3 No
Sridharan.v
 
 
 
Answer
# 3
Payable entry:-
Vendor a/c dr.
To tds payable a/c

Receivable Entry:-
TDS a/c dr
To Customers a/c
 
Is This Answer Correct ?    21 Yes 2 No
Ajaya Kumar Palai
 
Answer
# 4
Tds Payble appear on the liabilities side of balance sheet and tds receivable is appear on the assets side of balance sheet. 
Is This Answer Correct ?    19 Yes 1 No
Rohit Mishra
 
Answer
# 5
Tds payable is our laiblities and Tds recievable is our
current assets.

it comes in journal entry
tds payable:
company a/c dr xxx
to tds payable a/c xxx

tds recievable
tds a/c dr xxx
to customer a/c xxx

after recieving and paying amount out of bill amount it
will be deducted.
 
Is This Answer Correct ?    15 Yes 5 No
Paresh Prajapati
 

 
 
 
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