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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 (1903)
 Accounting General interview questions  Accounting General Interview Questions (2826)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
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 ?    259 Yes 32 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 ?    99 Yes 14 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 is the reason of charging surcharges?   2
what is the size of balance sheet ?   2
Is TDS is applicable for subscription/membership fee paid to registered council?   2
How the FBT is calculated ? what is FBT ?   2
If I install a landline connection and initially pay some security, after that am I liable to pay service tax or sales tax,both or none?   1
1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 6437.10(62500*10.3/100), we normaly paid on 05th of next month. My Question is 1. What is the Journal Enrty for this 2. Journal Entry when at Payment of TDS Please help me Regards sakthi   5
a company purchased (credit purchase) goods on 31st March & received it 1st April. Which quarter the form c will issued?   4
i had sold a residential property owned by me and had received proceeds of sales of said property by cheque but at present i am unable to purchase new residential property and the money is lying with me ideal in my bank account can i invest that ideal amount for period till 1 year or upto 1.5 yr till i purchase new residential house. what will be income tax treatment for the ideal amt invested in some else for time being and not purchased a new residential house. Wipro 1
What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India. Unique-Software-Systems 32
if my salary is 21855 per month for finicial year april 2011- march 2012 what tax will be deduct   4
what is defferred tax liability ? explain with 2 example.   1
What is Profession?   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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