What is the journal entry for tds collected on a cheque of Rs
50000 paid to a consultant?
Answer Posted / raghu.v.
if Its Total value Rs.50,000/-
Consultant Fee / Expense a/c Dr 50,000
Consultant/provider a/c Cr 45,000
TDS Payable on con fee(194J) Cr 5,000
| Is This Answer Correct ? | 12 Yes | 2 No |
Post New Answer View All Answers
When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .
is WCT aplicable on educational institutions also??????
What is the difference between General Ledger and Ledger?
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
What is account payee cheque? Expand ctc cheque?
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
what do you mean byrecoupment of shortworkings in royalty accounts
What is recording damage inventory in books of account?
What is an interest rate swap
What is band and why the company needs this?
What is the networth percentage observe by banks
what is the entry for toll gate fee