What is the journal entry of.Tds. ?

Answer Posted / raghuvstar@gmail.com

For Eg Professional Charges Rs.20000 raised by RV and Co

1.Professional Charges 20000 Dr
To RV&Co 18000
To TDS Payable-194J 2000


2.TDS payable a/c Dr 2000
To Bank/Cash a/c 2000

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is a depository?

2331


why you would like to work for the our(AIRLINE) Group ???

1642


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

2554


impairment & Amortisation Means

1520


how to prepare HSD statements in tally

2188






1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

1564


what is mean by ledger

3044


distinguish between price rate and time rate?

1631


which are company offering jobs in PORTFOLIO MANAGEMENT ?

1776


What is revaluation of Accounts, how does it is accounted in business

1483


What do mean by Computerization of accounts

2108


You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

1572


Name some errors which can be detected by Trial Balance

1676


What is dematerialisation and its benefits?

2536


can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?

1744