Answer Posted / shyamgoud786

*PAID REMUNERATION TO ANUSHKA FOR ACTING IN OUR MOVIE ------- RS-4000000 (suppose TDS WILL APPLY 30% ) what is the journal entry for this transaction?

ANS:-
REMUNERATION CHARGES A/C DR 4000000
TO. CASH A/C 2800000
TO TDS DEDUCTION PAYABLE A/C 1200000

(-----_--------------------)


TDS DEDUCTION PAYABLE A/C DR 1200000
TO CASH A/C. 1200000

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