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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 Posted / 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 |
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