Where does the entry of TDS payable, sale tax payable, service tax payabl

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Question

Where does the entry of TDS payable, sale tax payable, 
service tax payable will appear in Balance sheet or profit 
or loss a/c?

Question Submitted By :: Guest

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Answer Posted By

Re: Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?

Answer
# 1

These payables are coming under Liabilities side under 
Current Liabilities (statutory payables) in Balance sheet. 
not in P & L.

Is This Answer Correct ?

37 Yes

1 No

S D Marulasiddappa

Re: Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?

Answer
# 2

in b/s liability side under duty and taxes

Is This Answer Correct ?

24 Yes

1 No

Pankaj Kumar

Re: Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?

Answer
# 3

under the head provision in balancesheet liabilities side

Is This Answer Correct ?

15 Yes

1 No

Guest

Re: Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?

Answer
# 4

These all entry will reflect on Liabilities side in 
Expenses Payable head  and will reflect Balance Sheet not
Profit & Loss A/c.

Is This Answer Correct ?

11 Yes

1 No

Shiwani Vaishnav

Question	Asked @	Answers
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