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