while we are paying salary what wil be the entry for tds
deduction

Answer Posted / nasir

Salary A/c Dr 100
Tds A/c Cr 20
Cash a/c Cr 80

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is difference between budgeting and Forecasting

1209


I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

1596


how will decide that vender payment is ok without reco

1896


What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%

1154


what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?

3411






what is retention? how caculate on asset

1760


Capital reserve is - a) real account b) nominal account c) personal account d) none of them

483


What is an interlocking accounting system?

714


Differentiate between provision and reserve?

659


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

647


what is profit maximisation

1645


Productive Investment is Working Capital. Is it correct?

1254


what are your current financial and accounting projects? What is your role?

2407


What is liabilities and what all does include in current liabilities?

628


sale cycle

1503