Answer / hklkhk

WHEN DUE SALARY THAT TIME ENTRIES ARE FOLLOWING

EMPLOYEE SALARY A/C DR. 30000
TO SALARY PAYABLE A/C 29400
TO TDS PAYABLE A/C 600
WHEN PAYMENT
SALARY A/C DR.29400
TDS.PAYBLE A/C 600
TO. BANK A/C 30000

Answer / syed abuthahir

salary A\C Dr 45000
Tds A\c Dr 5000
TO Cash A\C 5000

Answer / madhulika

1) FOR DUE...

SALARY A/C.....DR.
TO TDS ON SALARY A/C
TO OUTSTANDING SALARY A/C

2) FOR PAYMENT...

OUTSTANDING SALARY A/C...DR.
TO BANK OR CASH A/C

Answer / rakesh singh

# Salary a/c Dr. .....

To Tds payable a/c ....
To Salary payable a/c...

# salary payable a/c Dr. ....
Tds payable a/c Dr. ....

To bank a/c .....

Answer / bipin

salary a/c dr

to salary payable a/c
to tds

Answer / pankaj kumar mishra

Salary A/c Dr. 50,000
To Salary Payable A/c 45,000
To Tds Payable on Salary A/c 5,000

Answer / mrutyunjaya

salary A/C dr.30300/-
Tds A/c Cr. 300/-
Salary Payable A/C 30000/-
(Being the salary for the month ofxxxx & tds deducted @1% on
salary)

At the time of Payment

Salary Payable A/C Dr.30000/-
bank/Cash A/c Cr. 30000/-
( Being cash paid to Mr. xxxxx for the month of xxxx)

at the time tds amount deposit in bank

Tds A/C Dr. 300/-
Bank A/C Cr.300/-
( Being tds Deposit in bank vide challan no xxxxx)

Answer / sourish

salary a/c dr. 30000
to TDS a/c 5000
to Mr. H a/c 25000


Mr. h a/c dr. 25000
to Cash a/c 25000

Answer / vinay.r

Salary A/C Dr 50000
To Salary Payable A/c 45000
To TDS on Salary A/c 5000

Salary Payable A/C Dr 45000
To Bank A/C 45000

TDS on Salary A/c 5000
To Bank A/c 5000

Answer / aleem

mr praveen answer is 100% right go for it

is there in india the rate of work contract are same in all states if now what are the statewise rate

1 Answers  

What is Tax Audit ? Brief description please

3 Answers  

I am a newly appointed consulting engineer to a coirporate infrastructure company.I am offered a consultation fee of Rs.!500000(fifteen lakhs) per annum. My question is for the purpose of working out the income tax what is the gross income.Is it the balance of the fee received less the service tax paid ?

1 Answers  

Hi,  Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.

1 Answers   Hinduja,

WHAT WE DO FOR SERVICE TAX IF A PURCHASER RAISE A DEBIT NOTE FOR OUR SERVICE BILL. PLEASAE EXPALAIN THE PROCEDURE WITH EXAMPLES

1 Answers  

Is there any change in the section 80E for the financial year 2009-10

1 Answers  

Please Advise When issue form F monthly Basis or quarterly basis.

3 Answers  

what is the date of payment of tds of last month (March)& date of filing of last qtr.

5 Answers   HP,

What are the accounting entries to be passed for TDS if person who is assessed is a Firm (or) Proprietorship (or) Company (or) person? Eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (i would like to know the entry to be posted in "CDE & Co" and "ABC & Co")

1 Answers  

What is the Special provision for computing profits and gains of business of civil construction

3 Answers   GET Engineering Construction,

if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?

3 Answers  

What is E-1 form and whats its use?

2 Answers