Answer / bijender

When Vendor deducting TDS. TDS Payble A/c will be credited
and A/c Head will be Debited.E.g. M/s GML is paying 7840 as
jobwork changes to M/s Kundan & sons and dedcuting 160 as
tds.Entry will be as follows:

Job Work A/c 8000
To TDS Payble 160
To Kundan & Sons 7840

While Paying amount
Kundan & Sons 7840
TDS Payble 160
To Cash/Bank 8000

Answer / satish

TDS PAYABLE

Answer / sandeep

Boss,


to be frank, the question itself is wrong, TDS will be made by the receiver of the service, vendor is a provider of service. A customer can do that then the entry will be,

Bank A/c Dr/....
TDS Payable Dr..

To customer A/c.

What mean the word LLP? Please share the definition...?

1 Answers  

---

Can you name different branches of accounting?

0 Answers  

---

The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?

14 Answers   ICA,

---

Hi Everybody, 1). Can anybody tell me the Journal entry for Bank charges Rs.100 and under which account it will come. 2). Received interest from Bank what is the journal entry, under which account it will come, Awaiting for soonest reply, Thanks, Khan

12 Answers  

---

kanika enterprises follows the written down value method of depreciating machinery year after year due to: 1.comparability 2.convenience 3.consistency 4.all of the above

1 Answers   CPT, Infosys,

---

what is Profit & Loss Account?

4 Answers   EDS,

---

IN VAT INVOICES DISCOUNT ALLOWED OR NOT

0 Answers  

---

If a company pay salary all the employee by seprate cheque and all the employee registed in pf & esi so what is journal the journal entry in tally? and what i create all employee a/c in tally?

5 Answers   IBM,

---

i want to know about VAT & CST (inculding its Form No.)

5 Answers   Sumeet,

---

What is accounting normalization?

0 Answers  

---

which form is used for central sales tax outside purchase and sales and vat

2 Answers  

---

what are the processes of account reconcillation

0 Answers  

---