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What is TDS? Post journal entry for that in books of
company.

Answer Posted / naman

in case of deductor:

(1)when we posted any expense in our books of account

particular exp. a/c dr
To sundry creditors a/c

(2)when we duduct TDS

particular party(sundry creditore) dr
To TDS payable a/c cr
(3)when we make payment to our sundry creditors

particular party a/c dr
To cash/bank a/c cr
(4) when we pay TDS to government

TDS payable a/c dr
TO BANK A/C(FOR PAY TO GOVT.)

Is This Answer Correct ?    16 Yes 3 No



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