how to record journal entry for tds on salary on quarterly
basis?
Answer Posted / hklkhk
WHEN DUE SALARY THAT TIME ENTRIES ARE FOLLOWING
EMPLOYEE SALARY A/C DR. 30000
TO SALARY PAYABLE A/C 29400
TO TDS PAYABLE A/C 600
WHEN PAYMENT
SALARY A/C DR.29400
TDS.PAYBLE A/C 600
TO. BANK A/C 30000
| Is This Answer Correct ? | 2 Yes | 1 No |
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