Interview Questions Answers in Accounting AllOther, Taxation

pushpendra chauhan

{ City } noida
< Country > india
* Profession * accountant
User No # 104782

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Question { 144532 }

Whatis the Journal entry for advance payments and advance
receipts from Debtors and creditors

Answer

What is the entry of last f. year profit and loss carried forward

Is This Answer Correct ?

6 Yes

6 No

Question { 7423 }

what is tds?

Answer

TDS Full form is Tax Deducted at Sourch

When we paid the commission , payment we are deduct the TDS and issue Form 16 to customer/Party

Entry :-
Entry in Journal ( In Tally F7)

1.Dr. By Fees for technical Service Rs -10000/-
Cr. To Party A/c Rs- 10000/-

2. By Party A/c Rs.-3366/-
To TDS on Technical Service Rs.-3366/-

3. By Fees on Technical Service A/c Rs.-10000/-
To Party A/c Rs.-6634/-
To TDS on Tec. Services Rs.-3366/-

Is This Answer Correct ?

4 Yes

0 No