how to record journal entry for tds on salary on quarterly
basis?
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Answer Posted / rakesh padhiary
Salary A/c Dr. 30000/-
To Mr.X 27000/-
To TDS payable 3000/-
(for salary due)
Mr. X A/c Dr. 27000/-
TDS payable A/c Dr 3000/-
To Cash/Bank A/c 30000/-
(Being payment made to Mr.X)
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