Interested to Buy Any Domain ? << Click Here >> for more details...
What is the entry for payment made to the distributor after
deducting TDS and adjusting the credit note raised by them.
For Ex: actual amount to pay rs.1000
TDS deducted rs.200
credit note of rs.500
- 2 Answers
- 6012 Views
- I also Faced
- E-Mail Answers
Answer Posted / rajesh
Hai Here u go!!!
First Credit Entry
1) DR XXX ( Expenses Debit ) -Rs.1000/-.
CR party name -Rs.1000/-.
2) Credit Not Issued by them
Dr party name -Rs.500/-.
Cr XXX ( Expenses ) -Rs.500/-.
3) Now Payment
Dr party name - Rs.500/-.
CR TDS Deducted (or)Payable -Rs.200/-.
CR Cash or Bank -Rs.300/-.
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
Short Answer on ______________House Rent allowance
Explain Cash Basis of accounting
you went outside to purchase vegetagles, suddently big rain came then what you will do
Expand-------NABT
which Electrical items is Exciseible
what is meant by qurum
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
what is futures and options?
what is cost audit?
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
EXPAND_________TOEFEL
What is Goods Lost by Fire/Accident/Theft ?
