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Where does TDS payable & receivable appear in the books of
accounts
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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 |
Answer / sridharan.v
Tds payable is our laiblities and Tds recievable is our
current assets.
| Is This Answer Correct ? | 76 Yes | 3 No |
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 |
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 |
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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