i want to know the procedure of Tds ledger in tally for
Event management co,s means procedure of creating TDS
ledgers and how to know the outstandigs of Tds payable and
Receivables
plz guide me.........
Answer Posted / manoj bhide
Mr. Saurabh is correct. The change is only that the entry
should recored only through the specific creditors account
and not the general creditor a/c. Because it will record
only the amount payable after deducting the tds without
recording it in to the a/c of that creditor. So there will
be difuculty when we have to issue the tds certificate to
the party. So the correct entry will be
1)purchase a/c Dr
to creditor a/c
2)
creditor a/c Dr.
to tds a/c
Is This Answer Correct ? | 7 Yes | 3 No |
Post New Answer View All Answers
it is better to invest in which securities short term/long term or both? please reason4 the same
Expand-------IETF
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
How to Calculate PF with interest or without interest.
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
How good are you at Finance?
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
what is purchase tax in rajasthan.
What is the difference between income statement & Profit&loss A/c?
What Question ask in MARKIT Company?
how to do the finalise of account? what is the step? why we need to do like that?
Which Exchange determine Foreign ?
how to do finalisation account ,pls tell me step by step ?