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

Answer Posted / mike

Salary A/c Dr. 1000
To Tds on Salary Cr. 200
To salary Payable Cr. 800

Is This Answer Correct ?    5 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1388


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1206


when & how interest on unsecured loan is calculated?

1496


what is the meaning of banking

1668


Tell us do you have any professional experience of this field?

606






EXPLAIN EACH SECTION PROVISIONS ON TDS?

1411


Dillution effect on EPS

1914


As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?

624


what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??

1207


Tell me what do you believe makes a successful account executive?

592


Have you ever heard about tds, what it is?

681


Define a company's payable cycle?

727


Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1062


What is the entry for provision?

613


Any body would tell me how to takeover withholding tax at the time of go live in sap fico

996