Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 50

Advertise your Business Here

Refer this Site

Login | Sign Up


	To Refer this Site to Your Friends Click Here

Categories >> Accounting >> Taxation

Audit Interview Questions

CompanyAffairs CS Interview Questions

Taxation Interview Questions

Accounting General Interview Questions

Accounting AllOther Interview Questions

Question

Pass a entry for salary payment basic 5000, HRA 3000, 
Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Question Submitted By :: Pankaj Rastogi

I also faced this Question!!

Rank

Answer Posted By

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 1

basic            5000
HRA              3000  
medical           200
Bank/Cash A/c               7500
Tds payable                  500
Adv.Salary                   200

Is This Answer Correct ?

13 Yes

11 No

Prasad Deshmukh

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 2

basic salary           5000
HRA                    3000  
medical                200
Bank/Cash A/c                6900
P.F.Payable                  600
Tds payable                  500
Adv.Salary                   200
(Being Salary paid to mr. ... for the month of ... after 
deduction of 12%P.F.)

Is This Answer Correct ?

31 Yes

3 No

Amit Sharma

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 3

Salary Basic A/c  Dr.5000.00
Salary Allowance A/c Dr.3200.00
Employer Contribution A/c Dr.300.00 (Amount Assumed)
To Advance Salary A/c              200.00
To PF Liability A/c                600.00(Empyr+Employee)
To TDS A/c                         500.00
To Bank/Cash A/c                   7200.00

Is This Answer Correct ?

5 Yes

1 No

Mohit

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 4

Date   Particulars                     Debit        Credit
                                        Rs            Rs
 xxx      Basic   A/c Dr               5000
          HRA     A/c Dr               3000  
          Medical A/c Dr                200
            To Bank/Cash   A/c                         7500
            To Tds payable A/c                          500
            To Adv.Salary  A/c                          200

(Being salaries paid and Allowances provided)

Is This Answer Correct ?

4 Yes

1 No

Sridharan.v

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 5

AfteWhen Employeee Receive P.F Explain detail with interest
and Income Tax , Excise  A/c Entry by Transaction

Is This Answer Correct ?

1 Yes

1 No

Hemal Shah

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 6

Basic Salary A/C  Dr.  5000/=
HRA          A/C  Dr.  3000/=
Medical      A/C  Dr.   200/=

    To TDS A/C                 500/=
    To Advance Salary A/C      200/=
    To PF Contribution A/C     600/=
    To Bank/ Cash A/C         6900/=

(Being salary paid to Mr...... for the month of...)

Is This Answer Correct ?

3 Yes

0 No

Akbar

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 7

Date          Particulars        Debit              Credit
                                 Rs                 Rs
00/00/0000     Basic   A/c Dr    5000
               HRA     A/c Dr    3000  
               Medical A/c Dr     200
                  To Tds payable /c                 500
                  To Adv.Salary  /c                 200
                  To PF Deduction                   600
                                             (5000*12%)    
                  To  Bank/Cash/Salary Payble A/c. 6900 
(Being salaries and other Allowances provision for the   
month of ........../.....)

Is This Answer Correct ?

1 Yes

1 No

Satish Kumar Jha

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 8

salary & wages           8200
               
Bank/Cash A/c                6900
P.F.Payable                  600
Tds payable                  500
Adv.Salary                   200
(Being Salary paid to mr. ... for the month of ... after 
deduction of 12%P.F.)

Is This Answer Correct ?

2 Yes

0 No

Anilyadva

Re: Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer
# 9

Basic Salary A/c   Dr.    5000/-
 HRA          A/c   Dr.    3000/-
 Medical      A/C   Dr.     200/-

     To Salary Advance A/C           200/-
     To P.F. Payable   A/C           600/-
     To Bank / Cash    A/C          7400/-

(Being Salary Paid to Mr. ... for the M/O... Through Ch. 
No... )

Is This Answer Correct ?

0 Yes

0 No

S.p. Yadav

Question	Asked @	Answers
Other Taxation Interview Questions


what is luxury tax?		2
Under what circumstances Deferred Tax Liability or Deferred Tax Assets entries to be passed ? or what is the advantage by passing the above entries ? How the above entries to be nullified / reversed ( with examples please )		1
Wat is U r stength and weekness		1
I received TDS Certificate (Form No 16A) from one company, they diduct the amount from our bills. how can i refund that amount. pl tell me.		3
what is security transaction tax	Wipro	1
Our Company is engaged in Construction activities. We are going to purchase Exacavator Machine from the interstate. Whether the above purchase covered by issuing C form ? Whether can we apply for C Forms in sales tax Dept ? Please clarify sir		6
TDS Rate is applicable on Technical Testing & Analysis		1
if we have amc any vendor 30,000 pa. should we deduct TDS	TCS	8
HOW TO CALCULATE THE PF WAGES% ON GROSS WAGES ? HOW TO CALCULATE THE HRA % ON GROSS WAGES? HOW TO CALCULATE WASHING ALLOWENCE AND OTHER ALLOWENCES % ON GROSS WAGES?		2
1. Is TDS asset or Liability ?. 2. Is TCS Asset or Liability ?. 3. Which is Debit side and Which is Credit Side in Balance Sheet ?.		3
What is the TDS . and how can we identify this is TDS Deductable or not.		3
what is the deffirent between TDS & TCS		4
We have received Bills of Aug-2008 for contract charges. I have passed the bills in Dec-2008. So, we will pay intrest on tds or not?		1
What is the rate of WCT in Haryana.		1
i will get the tax exemption when my company offers medical premium that i will produce medical bills. plz clarify any one.		1
Where do you see yourself after 5 Years?	Ernst-Young	5
Wat is TDS?give full information on that topic.	Infoline	5
plz tell what is current rate of depriciation as per income tax .		2
What is the Difference between Previous Year and Preceding Previous Year?		1
In a case one company has paid surcharge of Rs100000 by mistake. What are the remedies available to the companies.	M&M-Associates	2

For more Taxation Interview Questions Click Here


Copyright Policy \| Terms of Service \| Help \| Site Map 1 \| Articles \| Site Map \| Site Map \| Contact Us \|

Copyright © 2007 ALLInterview.com. All Rights Reserved.

ALLInterview.com :: Forum9.com :: KalAajKal.com