how to record journal entry for tds on salary on quarterly
basis?
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Answer / vishakha gandhi
salary A/c Dr. 10000
to Bank A/c 9000
to TDS payable A/c 1000
TDS paid to Govt.
TDS payable A/c 1000
to Cash / Bank A/c 1000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amit shelar
Salary A/c ( indirect exp ) Dr.
to xy ( sundry creditor)
to tds on salary ( duties & taxes )
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rakesh singh
Salrary a/c dr. 50000/-
To Tds payable a/c 5000/-
To Salary payable a/c 45000/-
Salary payable a/c Dr. 45000/-
Tds payable a/c Dr. 50000/-
To bank a/c 50000/-
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ravinder yadav
1. Salary a/c Dr. 30000
To TDS a/c Dr. 5000
To Salary Payable 25000
(Being Salary and TDS due)
2. TDS a/c Dr. 5000
Salary Payable Dr. 25000
To Cash/Bank 30000
(Being salary paid)
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / prafulla kumar patra
salary A/C.......dr
To TDS a/c
To Salary payable a/c
&
TDS a/c.............Dr
Salary payable a/c....Dr
To Cash/Bank
AND FINAL ENTRY IS BELOW:
SALARY A/C.........DR
TO CASH/BANK A/C
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / ravi naidu
salary a/c Dr 45000
tds a/c Dr 5000
To cash a/c 50000
| Is This Answer Correct ? | 10 Yes | 13 No |
Answer / pramod shukla
Mr A 27000.00
tds a/c 300.00
to Salary 30000.00
| Is This Answer Correct ? | 15 Yes | 28 No |
Answer / manisha naresh sagwekar
salary a/c.......dr 30000
to salary payable 30000
salary payable a/c ...........dr 5000
to tds on salary 5000
cash a/c ......dr 25000
to salary payable 25000
| Is This Answer Correct ? | 38 Yes | 60 No |
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