Where does the entry of TDS payable, sale tax payable, service tax payable wil

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Where does the entry of TDS payable, sale tax payable,
service tax payable will appear in Balance sheet or profit
or loss a/c?

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Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / s d marulasiddappa

These payables are coming under Liabilities side under
Current Liabilities (statutory payables) in Balance sheet.
not in P & L.

Is This Answer Correct ?

103 Yes

4 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / pankaj kumar

in b/s liability side under duty and taxes

Is This Answer Correct ?

80 Yes

9 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / guest

under the head provision in balancesheet liabilities side

Is This Answer Correct ?

43 Yes

5 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / shiwani vaishnav

These all entry will reflect on Liabilities side in
Expenses Payable head and will reflect Balance Sheet not
Profit & Loss A/c.

Is This Answer Correct ?

27 Yes

3 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / sunita

PROVISIONS IN BALANCE SHEET

Is This Answer Correct ?

14 Yes

0 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / lg srinivas

These all entries come under group (duties and tax) reflect
to balance sheet in liabilities side only These are not
expeneses There are all taxes only

Is This Answer Correct ?

14 Yes

1 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / shailesh

These all the entries fallas under the head of Duties &
Taxes ( current Liabilities ) not to be shown in Profit &
loss Account

Is This Answer Correct ?

12 Yes

2 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / sree

As per my knowledge These all taxe are refelect to Current
Liabilities side but its outstanding payables thats way we
consideration provisions a/c and Payables a/c only

sree
+91 9885836589

Is This Answer Correct ?

7 Yes

0 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / jitendra kr.jha

This rule below indicate for an example
Assets,Losses or Expenses are debited and
Liabilities or Income are Credited
So i think it is not expenses payable rather Liabilities
payable. Exactly above payable entry will appear in Balance
sheet side.

Is This Answer Correct ?

4 Yes

0 No

Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance ..

Answer / amit kumar

its in balance sheet, in liability side, not in profit and
loss a/c ,it is duties & Taxes so it is current Liabilities.

Is This Answer Correct ?

3 Yes

0 No

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