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 was the most difficult deal you had to close?

0 Answers  

---

what is gl a/c? & why is it maintain

0 Answers  

---

What is the accrued interest & how the entry will be passed for the same

1 Answers  

---

wages and labour entry

1 Answers  

---

RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

0 Answers  

---

bills of exchange

6 Answers   Capital IQ,

---

How to Entered The Entry if insurance Claim Recovered of four Wheeler and entry entered in personal Account so give me The entry of insurance claim recovered.

1 Answers   Kotak,

---

opening stock rs.6000 purchases rs.22000 cash sales rs.18000 credit sales rs.12000 calculate closing stock if rate of gross profit on cost of goods sold 25%.

3 Answers   State Bank of Mysore SBM,

---

RESERVE A/c - What is the type of A/c means is this a Personal A/c or Real A/c or Nominal A/c?

3 Answers   BPO,

---

purchases goosd in cash rupees 6500

2 Answers   TCS,

---

What is book Pfofit ?

3 Answers  

---

Called-up capital ?

3 Answers  

---