Answer / ravinder.sunkar

t.d.s:-tax deduction at source
type of t.d.s entries are
1. type of payment
2. relevant provisions
3. personal responsible for deduction of tax and
type of payee's

Answer / pradeep banduni

TDS is tax deducted at source of income, deduction of
income as source against liability.

at the time of due

suplier/customer a/c Dr (TDS amount)
To TDS on ( Particular service)

At the time of depositing

TDS DR
To Bank

Answer / rikki

First we should deducted the tds amount from the relevant
party a/c


Sundry Cr... (TDS Amount)
To TDS Deducated


Sundery Cr. (amount after deductingh TDS)
To Bank

what is the sundry creditors for expenses ans with examples

18 Answers  

---

What tax form should an LLC with two partners use?

1 Answers  

---

From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   D M Systems, Ignou,

---

Expand---------ODMT

0 Answers  

---

what is the rule of debit and credit. Plz detail answer. thankful to you

7 Answers  

---

---

what mean rtgs & nfts

2 Answers  

---

Interest earned on investments is an__________

0 Answers  

---

What is the accounting treatment for preoperational expenses

1 Answers  

---

please tell me GENPACT finance interview questions

1 Answers  

---

it is better to invest in which securities short term/long term or both? please reason4 the same

0 Answers  

---

please tell me that fictitious account is what type of account i.e real,nominal or personal account??

2 Answers  

---

EXPAND___________MOA

6 Answers  

---