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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2812)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
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
Salary A/c Dr. 30000/-
To Mr.X 27000/-
To TDS payable 3000/-
(for salary due)

Mr. X A/c Dr. 27000/-
TDS payable A/c Dr 3000/-
To Cash/Bank A/c 30000/-

(Being payment made to Mr.X)
 
Is This Answer Correct ?    1 Yes 0 No
Rakesh Padhiary
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
What the tax rate deduct on advertisement in nerwspaper in year 2010-11?   4
how many salary + incentive aplicable for TDS ? Ex. 10,000 is salary and incentive is 8,000 can deduct TDS?   4
If some service provider gives a bill having service tax. say cost of service is Rs 100, He is adding 12.36% sevice tax. Total comes 112.36. we have to deduct TDS @ 11.33%. On what amount we should deduct TDS? (on 100 or 112.36 ) Gammon 16
what is cst and what is rate of cst in 2010   4
if vat include in purchase how to create entry in tally 9.0 for example: A item price rs. 100 include vat 13%, In tally any function we put item price 100 then vat 13% automatic reduce from price ( item price rs 87 & VAT rs 13)   2
what is PBT? FBT? how they are calculated?   1
If we purchase Inter -state any Plant & Machinery for Works contract for completion of a Project and later after completion of the same if we move that material to other State , Can we get "C" form against this material where we have purchased it. Is there any Notification regarding the same . In which circumstances a Works contractor can get "C" Form ? If against "C" Form a works contractor purchased the material and passed on the material via Works contract to the client whetheer Local VAt rate is also applicable on the same .   1
My income for the current year from Hiring Earth Moving Vehicle to a contractor will be 250000/-my total savings are 125000,payment of my childrens tution fees will be 35000 So mine will be below taxable income .Pl let me know whether there is any chance to escape from TDS obligation.If so Pl let me know the procedure   2
hi i want to know that what r all the component which r applicable for tax in salary,whether it is payable or reimbursement   1
is tax good or bad?   11
What is the accounting entry to be posted for TDS if the assess is Firm (or) Company (or) Proprietorship (or) Individual? eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (What entry should i pass in "CDE & Co" and "ABC & Co")   1
what is majore differance between TCS & TDS   4
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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