Answer Posted / srinivas
tds is tax deduction at sources tds computation is follow through chart and
entry
when the tds deducted from party
Tds Receivable or party A/c
To Tds deducted and Payable
When the payment made monthly tds
Tds Deducted and Payable...dr
to Bank Or cash
Tds receivable on the financial year last
Provison for tax A/c ...Dr
To Tds receivable
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?
Follow up ageing balances of Debtors & Creditors and also Inventory
What is accounting period?
What is the difference between cost accounting management accounting and financial accounting?
what are the different methods of teaching share and debenture to pre degree students
in what circumstances it is mandatory to calculate the goodwill.
What is the difference between provision and reverse?
how to see reoprt of miro booking in SAP FI
What is Provision Entry
What are the three factors that can affect your cash flow and business profitability?
How create the invoices?
What a deferred asset is and give an example?
Other accounting interview questions to expect when you interview for an accountancy job include:
what is the procedure to appoint an Austrlian citzen as indian company director...
What is accounting for plant assets?
