Interested to Buy Any Domain ? << Click Here >> for more details...
What is TDS ? How its entry will be passed in accounting
book ?
- 2 Answers
- 7230 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / umesh kulkarni
tds means tax deducted sources .
party A/c ... dr
to tds A/c cr
when it pay in bank
tds a/c .. dr
to bank A/c cr
| Is This Answer Correct ? | 17 Yes | 2 No |
TDS means Tax Deducted Sources .
At the time of Deduction :-
{1}Party A/c will be Debited
TDS Payable A/C will be Credited
{2} After deposit in Bank
TDS Payable A/C will be Debited
Bank A/C will be Credited
Every month 7th is last day for submission of TDS amount
for previous month deduction amount
| Is This Answer Correct ? | 7 Yes | 0 No |
If the company acquires equipment prior to incorporation what are the accounting entries?
what is service tax
What do you mean by Rollforward and open item in Accounts Reconciliation?
Excise rate of 2010 in haryana
What are time sheets? How are they maintained?
What do you mean by share
What are the minimum and maximum members allowed in partnership firm
i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries
How to determine the market value of a company and what factors are relevant to determine if the company is a viable investment in the long term?
Which account is responsible for interest payable?
What will be the journal entry in the case of Debit Memo and Credit Memo?
Account for letter of credit in the books?
Audit 
