What will be journal entry for TDS deducated from an
freight payment of RS. 15000.00 , applicable TDS rate is
2.266%

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What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable ..

Answer / mahendra

FREIGHT A/C DR 15000/-
TO TDS PAYABLE A/C 340
TO PARTY A/C 14660

(BEING AMOUNT OF FREIGHT CHARGE)

TDS PAYBLE DR 340
TO BANK/CASH 340
(BEING TDS DEPOSIT )
PARTY A/C 14660
TO CASH/BANK 14660
(BEING PAYMENT AGST BILL NO----)

Is This Answer Correct ?    71 Yes 4 No

What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable ..

Answer / ravinder kumar

Agree With Maherdra Statement

Is This Answer Correct ?    25 Yes 2 No

What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable ..

Answer / vijayamaathavan

FREIGHT A/C DR 15000/-
TO TDS PAYABLE A/C 340
TO PARTY A/C 14660

(BEING AMOUNT OF FREIGHT CHARGE)

TDS PAYBLE DR 340
TO BANK/CASH 340
(BEING TDS DEPOSIT )
PARTY A/C 14660
TO CASH/BANK 14660
(BEING PAYMENT AGST BILL NO----)

Is This Answer Correct ?    15 Yes 2 No

What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable ..

Answer / arun kumar

FREIGHT A/C DR 15000/-
TO PARTY A/C 15000/-
(Being Freight Charged)

Party A/c Dr 340/-
To TDS Payble A/c 340/-

(Being TDS Deducted @2.266%)

TDS Payble A/c Dr 340/-
To Bank/Cash A/c 340/-
(Being TDS Deposited)

Party A/c Dr 14660
To Bank/Cash A/c 14660
(Being Amount Paid)

Is This Answer Correct ?    22 Yes 10 No

What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable ..

Answer / pradeep gupta

FREIGHT A/C DR 150000
TO PARTY A/C 14660
TO TDS PAYABLE A/C 340
(AMOUNT OF FREIGHT CHARGES )

TDS PAYABLE A/C DR 340
TO BANK/CASH A/C CR 340
(BEING AMT OF TDS DEPOSIT)

PARTY A/C DR 14660
TO BANK / CASH 14660
(BEING AMT PAID TO PARTY AGAINST BILL NO....)

Is This Answer Correct ?    12 Yes 1 No

What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable ..

Answer / gaurav dixit

FREIGHT A/C DR 15000
TO BANK /CASH A/C 14660
TO TDS PAYABLE A/C 340
(AMOUNT OF FREIGHT CHARGES )

IF PARTY NAME NOT MENTION

Is This Answer Correct ?    10 Yes 1 No

What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable ..

Answer / mohan chand joshi

frieght a/c Dr 15000 To Tds payable a/c 340 To party a/c 14660 (amount of frieght charge)

Is This Answer Correct ?    2 Yes 1 No

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