Answer / sg

TDS IS TAX DEDUCTED AT SOURCE.
BEFORE GIVING SALARY IT WILL DEDUCT FROM EMPLOYEES BY EMPLOYER
FIRST ,EXPENSES A/C...DR
CREDITOR
SECOND,CREDITOR A/C...DR
TDS DEDUCTED ON EXP(TDS DUDECTED)
THIRD,CREDITOR A/C ....DR
BANK(REMAINING AMOUNT PAID TO CREDITOR)
FOURTH,TDS PAYBLE...DR
BANK(PAID TDS RETURN)

Answer / bikram mandal(accountant)

T D S MEANS TAX DEDUCTION SOURCE, THE ENTRY WILL BE ..........

1)SALARY A/C DR ...........5000
TO TDS 2 % 100
TO BIKRAM MANDAL 4900
2)BIKRAM MNDAL A/C DR. .........100
TO T D S 2% 100
3)GOVT. A/C DR. ..........100
TO BANK 100
4)BIKRAM MANDAL A/C DR. ......100
TO BANK ...........100

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