Where does TDS payable & receivable appear in the books of
accounts

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Where does TDS payable & receivable appear in the books of accounts ..

Answer / shakeel

tds payable is our laiblities and recievable tds is our
current assets.

it comes in journal entry
tds payable:
vendor a/c dr xxx
to tds payable a/c xxx

tds recievable
tds a/c dr xxx
to customer a/c xxx

after recieving and paying amount out of bill amount it
will be deducted.

Is This Answer Correct ?    98 Yes 9 No

Where does TDS payable & receivable appear in the books of accounts ..

Answer / sridharan.v

Tds payable is our laiblities and Tds recievable is our
current assets.

Is This Answer Correct ?    76 Yes 3 No

Where does TDS payable & receivable appear in the books of accounts ..

Answer / rohit mishra

Tds Payble appear on the liabilities side of balance sheet and tds receivable is appear on the assets side of balance sheet.

Is This Answer Correct ?    24 Yes 1 No

Where does TDS payable & receivable appear in the books of accounts ..

Answer / ajaya kumar palai

Payable entry:-
Vendor a/c dr.
To tds payable a/c

Receivable Entry:-
TDS a/c dr
To Customers a/c

Is This Answer Correct ?    23 Yes 3 No

Where does TDS payable & receivable appear in the books of accounts ..

Answer / paresh prajapati

Tds payable is our laiblities and Tds recievable is our
current assets.

it comes in journal entry
tds payable:
company a/c dr xxx
to tds payable a/c xxx

tds recievable
tds a/c dr xxx
to customer a/c xxx

after recieving and paying amount out of bill amount it
will be deducted.

Is This Answer Correct ?    16 Yes 5 No

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