when we give to payment for contractor what entry pass with
tds?

Answer Posted / rkb

payment entry should be

contractor A/C Dr.100
to Cash / Bank 100

journal entries would be ; 1 %

Contractor A/C Dr.1
To TDS payable 1

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can you name any other accounting application?

716


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3141


Aptitude Test Questions

1615


what is cost center & cost categories in tally

1860


journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY

1422






Define offset accounting?

630


when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.

1473


How do you prepare a balance sheet from a trial balance?

637


Dillution effect on EPS

1901


What is the entry for provision?

598


What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

1097


what is valuation code and valuation modifier in sap fico

1972


What is Provision Entry

1172


Mention in simple terms what is the difference between asset, equity, and liabilities?

566


How do I record a prior year property tax refund on sale of asset due to overvaluation

979