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how to pass an entry for expenditure by deducting tds for
customer

Answers were Sorted based on User's Feedback



how to pass an entry for expenditure by deducting tds for customer..

Answer / vinayak

EXPENDITURE A/C DR
TO TDS A/C
TO PARTYS A/C

Is This Answer Correct ?    12 Yes 1 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / rajiv

First entry would be

XYZ expenses A/c Dr.10000
To Vendor A/c 10000

Second Entry would be

Vendor A/c Dr 10000
To Bank 9000
To TDS 1000

Is This Answer Correct ?    3 Yes 1 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / imran

Civil Contractor given Bill of Rs. 25000.00
Civil Work Dr. 25000.00
Tds on Cont. 2% Cr. 500.00
Civil Contrac%tor Cr. 24500.00

Is This Answer Correct ?    2 Yes 0 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / prakash m r

EXPENDITURE A/C DR
TO PARTY A/C
TO TDS A/C

Is This Answer Correct ?    3 Yes 2 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / aparichith

party - amount - Dr
TDS Payable - amount - Cr

Is This Answer Correct ?    1 Yes 0 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / jayashri

Shreyash & Co.A/c Dr 50000
To TDS A/C Cr. 1000
To Bank A/c Cr. 49000

Is This Answer Correct ?    0 Yes 0 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / narasimharao.nalam

Ex: Rent paid

Rent a/c dr 5000
Tds payable a/c dr 1000

To Tds a/c 1000
To Mr .x a/c 5000

2) Rent and tds at the time of payment

Mr.x a/c dr 5000
Tds payable a/c dr 1000

To Bank/Cash a/c 6000

Is This Answer Correct ?    0 Yes 0 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / sandeep

1. Expenditure A/C......Dr
To Creditor A/c
To TDS Payable A/c
2. TDS Payable......Dr
To Cash/Bank A/c

Is This Answer Correct ?    0 Yes 0 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / narasimha rao

ex:if payment 50000 to party tds rate will aplly 10%=5000 so e


party a/c dr -45000
tds a/c dr -5000
to bank or cash -50000

Is This Answer Correct ?    2 Yes 3 No

how to pass an entry for expenditure by deducting tds for customer..

Answer / cahndra prakash

Ajay Kumar & Sons A/c Dr 9000
Tds A/c Dr 1000
To Bank 10000

Is This Answer Correct ?    0 Yes 2 No

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