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how to make the entry....???

sumit got salary 20000 & charge 10% tds on his salary..

Answers were Sorted based on User's Feedback



how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / roshan rai

1. salary a/c dr. 20000
To Sumit 18000
To Tds@10% 2000
( being due salary to sumit)

2. sumit a/c dr. 18000
To Bank/cash 18000

(being salry paid to sumit)

Is This Answer Correct ?    15 Yes 0 No

how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / pravin choudhary

Salary a/c Dr. 20,000.00
To Bank/Cash a/c Cr. 18,000.00
To Tax Deducted at Source a/c Cr. 2,000.00
(BEING SALARY PAID TO SUMIT)



Tax deducted at source a/c. Dr. 2,000.00
To Cash/Bank a/c. Cr. 2,000.00
(BEING TDS DEPOSITED INTO THE BANK.)

Is This Answer Correct ?    6 Yes 1 No

how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / akshay kumar

salary ac dr 20000
to sumit ac cr 18000
to tds @ 10% cr 2000

sumit ac dr 18000
to cash/bank ac cr 18000

Is This Answer Correct ?    4 Yes 0 No

how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / aniljha4u

Journal Entry Book in Company A/C

Date Particulars L.F Dr Cr
31-Mar-12 Salary 22222
TDS Payable 2222
Bank 20000
Being got salary 20000 & charge 10% tds on his
salary )

Is This Answer Correct ?    5 Yes 8 No

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