while we are paying salary what wil be the entry for tds
deduction
Answers were Sorted based on User's Feedback
Answer / kumud mishra
We have to pass entry like this
Salary Dr. 100
TDS On Salary Cr 20
Salary Payable Cr. 80
| Is This Answer Correct ? | 17 Yes | 2 No |
Salary A/c Dr. 100
To Tds on Salary Cr. 20
To salary Payable Cr. 80
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / varun sharma
SALARY A/C DR. 100
TO CASH A/C 80
TO TDS A/C 20
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / mike
Salary A/c Dr. 1000
To Tds on Salary Cr. 200
To salary Payable Cr. 800
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / sanjeev khera
Salary Account Dr.
Tds Payable on salary Cr
when we will deposit TDs the entry will be :
Tds Payable Dr.
Bank/Cash Credit
| Is This Answer Correct ? | 5 Yes | 4 No |
Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
Accounting periode is normaly one year, bot accounting periode is for 5 year is possible or not?plz list the name of organistaion whose accounting periode is 5 year
how to pass entries for suspense account?
5 Answers Reliance Construction,
What is cash flow and fund flow?
Hi,i went for an interview they asked me why a balance sheet should tally.can anyone tell me
whats the manufacturing account
What is BANK MSOD How to Prepare Bank MSOD.
2 Answers Infopower Technologies, QIS,
Tell me what is the equation for acid-test ratio in accounting?
i want make credit card ledger. which group under its come?
What is a Bluechip Company?
2 Answers State Bank Of India SBI,
what is break even point