Where does TDS payable & receivable appear in the books of
accounts
Answer Posted / paresh prajapati
Tds payable is our laiblities and Tds recievable is our
current assets.
it comes in journal entry
tds payable:
company a/c dr xxx
to tds payable a/c xxx
tds recievable
tds a/c dr xxx
to customer a/c xxx
after recieving and paying amount out of bill amount it
will be deducted.
Is This Answer Correct ? | 16 Yes | 5 No |
Post New Answer View All Answers
What is Accommodation Bill
what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
I want to know with example of vat & Salestax
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
Difference between cash and merchantile system?
what do u mean by single error and double error in accointing errors?
what is forecast
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
Define `Realisation` Account? Explain the salient features?
Expand-------NAST
Example for extra ordinary expenditure?
what you mean by cross dunning