What is the journal entry for tds collected on a cheque of Rs
50000 paid to a consultant?
Answer Posted / raghu.v.
if Its Total value Rs.50,000/-
Consultant Fee / Expense a/c Dr 50,000
Consultant/provider a/c Cr 45,000
TDS Payable on con fee(194J) Cr 5,000
Is This Answer Correct ? | 12 Yes | 2 No |
Post New Answer View All Answers
what is accounting cycle ?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
What is the networth percentage observe by banks
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
What is fitting and fixtures?
How do you prepare a balance sheet from a trial balance?
What is the dual aspect concept?
What is an accounting transaction?
Explain what does the standard journal entry includes?
Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33
What is a trial balance in accounting?
Who is the sundry creditors
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
Sir i want to ask that if the salary above 6500/- than also pf deduct.
What is the difference between costing and cost accounting?