6. TDS accounting entry






6. TDS accounting entry..

Answer / tgs100

When vendor invoice is created,
Accrual A/C - Dr
Liability A/C - Cr
TDS payable A/C - Cr

When vendor invoice is paid,
Liability A/C - Dr
Bank/Cash A/C - Cr

When vendor invoice is validated, system will also create TDS invoice for TDS Authority.
For TDS Invoice,
TDS Payable A/C - Dr
TDS Liability A/C - Cr

When TDS Invoice is paid,
TDS Liability A/C - Dr
Bank/Cash A/C - Cr

Is This Answer Correct ?    0 Yes 0 No

Post New Answer




More Oracle Apps Financial Interview Questions

whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.

4 Answers   TCS,


What is ment by Roll back depreciation?

2 Answers  


What is use multi-currency payment if enable in bank window?

1 Answers   Deloitte,


What is is "Depreciable Basis" which is coming in "Asset Register Report" in Oracle Fixed Assets. How to calclate the Original Cost to get the same value which is coming in the Report. I got the information that Cost - Salvage Value. Its working fine only with One Addition. If we have multiple additions, then I am not getting calculated these Depreciable Basis Amount which is coming in Asset Register Report. Can any one help me out in getting this value calculation Please. Thanks & Regards, Rajkumar Peddi Cell: 9849024872

1 Answers  


what is the steps to customization ?

0 Answers   TCS, AB Inc,






what is asset creation accounting entry?

3 Answers  


Use of recurring invoice?

2 Answers  


I have some scenario if I have 10000 transaction for the reconcile of payment, so what is best idea reconciliation for the payment manual or auto? If say auto way?

1 Answers   Deloitte,


What is the procedure of: Analysis of invoice holds and getting them released in Accounts Payables.

2 Answers   Oracle, IBM, TATA AIG,


In GL Journal entry can understand which level i.e. batch wise or individually.

3 Answers   Satyam,


What is the Entry in Oracle Apps AP,AR,GL for following Transations 1.One Pipe purchase at Rs.100 2.One Pipe Sales At Rs.150 Which account Afected ,What is the journal entry What is the entry at respective module how many modules are afected through above transation

8 Answers   Cap Gemini, Ramco,


If parent Co. is India & subsdy at USA and need reporting for all the branhces trail balance in one report. how the chart of account should design.? is there need for consolidation?

1 Answers   Ernst Young, Omex,






Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (503)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (774)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (82)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (137)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (13)