Hi to All any body pls. tell me the entry for tds in salary
example-- one employee salary 25000 tds will be 1000
how to deduct and what will be the entry for above
transactions
Answer Posted / roshan bagul
Salary a/c Dr. 25000/-
To, TDS a/c 1000/-
To, Cash a/c 24000/-
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
What are the basic assumptions in accounting?
what is the journal entry for gas connection taken by company for preparing tea and coffee.
What are bills receivable?
Why Is The Distinction Between Product Costs And Period Costs Important?
Tell us depreciation and its types?
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
How to make a vat entry in books including setoff?
What other careers are you considering?
Tell me what is the equation for acid-test ratio in accounting?
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
Tell us do you have any idea about service tax or excise?
Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year What will be JV for this year and next year?- Thank you
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?