What will be journal entry for TDS deducated from an
freight payment of RS. 15000.00 , applicable TDS rate is
2.266%
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Answer / vijayamaathavan
FREIGHT A/C DR 15000/-
TO TDS PAYABLE A/C 340
TO PARTY A/C 14660
(BEING AMOUNT OF FREIGHT CHARGE)
TDS PAYBLE DR 340
TO BANK/CASH 340
(BEING TDS DEPOSIT )
PARTY A/C 14660
TO CASH/BANK 14660
(BEING PAYMENT AGST BILL NO----)
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / arun kumar
FREIGHT A/C DR 15000/-
TO PARTY A/C 15000/-
(Being Freight Charged)
Party A/c Dr 340/-
To TDS Payble A/c 340/-
(Being TDS Deducted @2.266%)
TDS Payble A/c Dr 340/-
To Bank/Cash A/c 340/-
(Being TDS Deposited)
Party A/c Dr 14660
To Bank/Cash A/c 14660
(Being Amount Paid)
| Is This Answer Correct ? | 22 Yes | 10 No |
Answer / pradeep gupta
FREIGHT A/C DR 150000
TO PARTY A/C 14660
TO TDS PAYABLE A/C 340
(AMOUNT OF FREIGHT CHARGES )
TDS PAYABLE A/C DR 340
TO BANK/CASH A/C CR 340
(BEING AMT OF TDS DEPOSIT)
PARTY A/C DR 14660
TO BANK / CASH 14660
(BEING AMT PAID TO PARTY AGAINST BILL NO....)
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / gaurav dixit
FREIGHT A/C DR 15000
TO BANK /CASH A/C 14660
TO TDS PAYABLE A/C 340
(AMOUNT OF FREIGHT CHARGES )
IF PARTY NAME NOT MENTION
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / mohan chand joshi
frieght a/c Dr 15000 To Tds payable a/c 340 To party a/c 14660 (amount of frieght charge)
| Is This Answer Correct ? | 2 Yes | 1 No |
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