how to record journal entry for tds on salary on quarterly
basis?
Answers were Sorted based on User's Feedback
Answer / atul parit
1 Salry a/c ..Dr 30000
To TDS a/c 5000
To Salary payable a/c
25000
( Due entry)
2 TDS ..A/c ……..Dr 5000
Salary payable a/c Dr 25000
` To Bank A/c 30000
( Payment entry)
| Is This Answer Correct ? | 320 Yes | 39 No |
Answer / mohd shah alam
salary a/c dr 30000
To salary payable 25000
To tds 5000
(for due)
salary payable a/c 25000
tds a/c 5000
To cash 30000
| Is This Answer Correct ? | 115 Yes | 16 No |
Answer / pramod shukla
salary a/c Dr 30000.00
to cash a/c 27000.00
to tds a/c 3000.00
| Is This Answer Correct ? | 47 Yes | 15 No |
Answer / pramod shukla
Salary A/c Dr 30000.00
Mr A 27000.00
tds 3000.00
| Is This Answer Correct ? | 28 Yes | 8 No |
Answer / sunny
SALARY A/C DR. 50000
TO SALARY PAYABLE 45000
TO TDS ON SALARY A/C 5000
SALARY PAYABLE A/C DR. 45000
TO CASH/BANK A/C 45000
TDS ON SALARY A/C DR. 5000
TO CASH/BANK A/C 5000
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / n.chandra shekar
salary a/c dr 30000
To salary payable 25000
To tds 5000
salary payable a/c 25000
To cash/Bank 25000
tds a/c 5000
To cash/Bank 5000
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / praveen kumar
salary a/c dr
tds on salary a/c dr
To cash/bank a/c
@details of employee in narration
without deatails not accepted
| Is This Answer Correct ? | 17 Yes | 11 No |
Answer / naresh sharma
salary a/c dr 45000.00
tds a/c dr 5000.00
Bank cr 50000.00
| Is This Answer Correct ? | 15 Yes | 10 No |
Answer / rakesh padhiary
Salary A/c Dr. 30000/-
To Mr.X 27000/-
To TDS payable 3000/-
(for salary due)
Mr. X A/c Dr. 27000/-
TDS payable A/c Dr 3000/-
To Cash/Bank A/c 30000/-
(Being payment made to Mr.X)
| Is This Answer Correct ? | 5 Yes | 0 No |
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