What is the journal entry for tds collected on a cheque of Rs
50000 paid to a consultant?
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Answer / vishalgoel88@yahoo.com
Consultancy fees a/c dr. ... 50000
To Bank a/c ... 45000
To TDS payable a/c... 5000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vishal
Total Value of Expense 50000/-
Entry
Consultant Fees ...dr 50000
tds on 194j a/c. ...cr 5000
To bank a/c ...cr 45000
| Is This Answer Correct ? | 0 Yes | 4 No |
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