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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1898)
 Accounting General interview questions  Accounting General Interview Questions (2809)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
how to record journal entry for tds on salary on quarterly 
basis?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
1 Salry a/c ..Dr 30000
To TDS a/c 5000
To Salary payable a/c
25000
( Due entry)


2 TDS ..A/c ..Dr 5000
Salary payable a/c Dr 25000
` To Bank A/c 30000
( Payment entry)
 
Is This Answer Correct ?    257 Yes 30 No
Atul Parit
 
Answer
# 2
salary a/c dr 30000
To salary payable 25000
To tds 5000
(for due)
salary payable a/c 25000
tds a/c 5000
To cash 30000
 
Is This Answer Correct ?    98 Yes 12 No
Mohd Shah Alam
 
 
 
Answer
# 3
salary a/c dr
tds on salary a/c dr
to cash
 
Is This Answer Correct ?    158 Yes 97 No
Sumit
 
Answer
# 4
salary a/c Dr 30000.00

to cash a/c 27000.00
to tds a/c 3000.00
 
Is This Answer Correct ?    38 Yes 12 No
Pramod Shukla
 
Answer
# 5
Salary A/c Dr 30000.00

Mr A 27000.00

tds 3000.00
 
Is This Answer Correct ?    23 Yes 7 No
Pramod Shukla
 
Answer
# 6
salary a/c dr
tds on salary a/c dr
To cash/bank a/c

@details of employee in narration

without deatails not accepted
 
Is This Answer Correct ?    16 Yes 8 No
Praveen Kumar
 
Answer
# 7
salary a/c dr 45000.00

tds a/c dr 5000.00

Bank cr 50000.00
 
Is This Answer Correct ?    13 Yes 8 No
Naresh Sharma
 
Answer
# 8
salary a/c dr 30000
To salary payable 25000
To tds 5000

salary payable a/c 25000
To cash/Bank 25000

tds a/c 5000
To cash/Bank 5000
 
Is This Answer Correct ?    5 Yes 0 No
N.chandra Shekar
 
Answer
# 9
SALARY A/C DR. 50000
TO SALARY PAYABLE 45000
TO TDS ON SALARY A/C 5000

SALARY PAYABLE A/C DR. 45000
TO CASH/BANK A/C 45000

TDS ON SALARY A/C DR. 5000
TO CASH/BANK A/C 5000
 
Is This Answer Correct ?    3 Yes 0 No
Sunny
 
Answer
# 10
WHEN DUE SALARY THAT TIME ENTRIES ARE FOLLOWING

EMPLOYEE SALARY A/C DR. 30000
TO SALARY PAYABLE A/C 29400
TO TDS PAYABLE A/C 600
WHEN PAYMENT
SALARY A/C DR.29400
TDS.PAYBLE A/C 600
TO. BANK A/C 30000
 
Is This Answer Correct ?    1 Yes 0 No
Hklkhk
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Can we sale materials to interstate unregister dealer   2
We had tax audit in our tour company. After examination of our tax account they have given us out standing tax liabilities in two type (1) corporate Tax (2) Vat. Now question is that in which ledger these liabilities will come and how should I pass entry for both in accounts. Kindly request to you please answer me Accenture 1
sub: salary tds 1) will financial year and assessment year apply for salary tds. ie if my employer is deducting tax then will it be for the last year or current year. 2) in case of assessment year,( example 1st april 2009 to 31 march 2010), why it is given as one year does it mean that the total year is meant for assessing and then when shall we pay the tax or file the returns??? 3) in case of assessment year 1st april 2007 to 31 march 2009, when should i stop assessing and start deducting the tax and when should i pay it to it dept GIC 1
Taxable and Exempted goods sale to pondicherry via bill no.1 and bill no.2 I received the C form for taxable bill no.1. But, C Form not received for Exempted bill no.2. It is required or not?   3
What should be the minimum value of Invoice for which outward form 38 is required (seller haryana buyers other states) ProSafe 2
If service tax paid on freight outward for final output, whether it can be set off against excise duty payable on subsequent final product Simran-International 2
IF the turnover of assessee is below Rs 50 lacs but profit declared is less than 5% of turnover . IS he subject to tax audit?   3
what is tax?   3
What is proposed GST's impact on Government Revenue? What is the proposed Tax rate? What is the proposed Tax Structure (Central GST and State GST) ? Whether it is good/bad to Govt./Consumers/manufacturers? L&T 3
Please send me the chart for Input tax restricted goods   1
how many types of VAT? L&T 3
what is the incometax   3
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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