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how to record journal entry for tds on salary on quarterly
basis?

Answer Posted / madhulika

1) FOR DUE...

SALARY A/C.....DR.
TO TDS ON SALARY A/C
TO OUTSTANDING SALARY A/C

2) FOR PAYMENT...

OUTSTANDING SALARY A/C...DR.
TO BANK OR CASH A/C

Is This Answer Correct ?    1 Yes 0 No



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