Can TDS(Tax Deducted at source) expense be called Selling General and Administr

Can TDS(Tax Deducted at source) expense be called Selling
General and Administrative expense in Profit and loss
statement,Or should it be included under head Provision for
Taxation

Question Posted / priyamvada29

1 Answers
4262 Views
I also Faced
E-Mail Answers

Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Pro..

Answer / nagesh

actually TDS is not a expenditure or income it does not
include in profit and loss account.it is current asset or
current liabilty

Is This Answer Correct ?

7 Yes

1 No

Post New Answer

More Accounting General Interview Questions

what do you mean by debt equity ratio?

6 Answers

IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?

0 Answers

what is a capital budgeting

23 Answers Capital IQ,

what is a financial statement

2 Answers

how to prepare balance sheet pls tell me?

2 Answers

Why closing stock are not shown in trial balance?

4 Answers PSU,

Types of vouchers with explaination

1 Answers

steps for finalisation of accounts and related entries

2 Answers

What was your average accounts receivable days outstanding/days sales outstanding?

0 Answers

what is mean by sample account and data transfer rule in SAP FI?

0 Answers

what ia mean by tally?

11 Answers HSBC, ICICI, TCS,

Goods worth Rs.347.60 has been destroyed. Ex:(parachute Hair Oil 8 Ml, So entry will be.. Abnormal Loss A/c Dr....347.60 To Stock Destroyed A/c How it possible????

1 Answers

For more Accounting General Interview Questions Click Here