while we are paying salary what wil be the entry for tds
deduction

Answer Posted / kumud mishra

We have to pass entry like this


Salary Dr. 100

TDS On Salary Cr 20
Salary Payable Cr. 80

Is This Answer Correct ?    17 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

dear i want basic a\C's oriented question. these are asking in mostly all mnc companies

1527


1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-

1445


how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

1570


Do you possess any knowledge about accounting standards?

654


Who is the sundry creditors

1136






how to calculate basic to gross salary

1523


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

1492


WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

1929


what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?

1641


What is band and why the company needs this?

1564


What are the major components of country's trade account?

2516


what do you consider to be the biggest challenge facing the accounting profession today?

587


What is the use of 2a, 2b & 2c form in CST ?

2070


How do you maintain accounting accuracy?

698


what is a corporate chart of accounts and its purpose?

1362