IN THE COMPANY 'X' PERSON INJURED AND HE GOT TREATMENT
FROM HOSPITAL AND COMPANY GIVEN THE AMOUNT RS 950/- AND
DEDUCTED TDS AMOUNT RS 50/- WE GIVEN THE PAYMENT BY CHEQUE
TO THAT HOSPITAL THEN WHAT WILL BE THE ENTRY
Answer Posted / faiz
it is not service it was exp so tds is not applicable
entry will be
HOSPITAL EXP A/C DR...950
TO CASH\BANK 950
TDS NOT APPLICABLE BECAUSE IT IS EXP NOT SERVICE OR CONTRACT
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What is fractional code and how can i get a fractional code for a particular account?
Define trade bills?
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Explain me by saying, perpetual or periodic inventory system; what do we mean?
Why are accounting standards necessary?
Explain what is ledger?
What is the definition of offset accounting?
Describe me accounting rules
What is a comprehensive income?
Please explain the difference between provision and reserve?
What is depreciation and how many types are there. Please give details?
Tell us why did you select accounting as your profession?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
Tell us what is icai?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.