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how to make the entry....???

sumit got salary 20000 & charge 10% tds on his salary..

Answer Posted / pravin choudhary

Salary a/c Dr. 20,000.00
To Bank/Cash a/c Cr. 18,000.00
To Tax Deducted at Source a/c Cr. 2,000.00
(BEING SALARY PAID TO SUMIT)



Tax deducted at source a/c. Dr. 2,000.00
To Cash/Bank a/c. Cr. 2,000.00
(BEING TDS DEPOSITED INTO THE BANK.)

Is This Answer Correct ?    6 Yes 1 No



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