What is the general entry for TDS certificate received from
the debtor of the company?
Answers were Sorted based on User's Feedback
Answer / seema pandey
cash /Bank A/c Dr.
TDS receivable A/c Dr.
To Party's
Is This Answer Correct ? | 23 Yes | 3 No |
Answer / subhash a.
Dear friend, here situation is not the amount received. It
is only the TDS certificate received from party.
There are two solutions for this problem.
1. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
TDS receivable A/c Dr. xx
To Party's xxx
Then no need to make a further entry
2. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
To Party's xxx
Then we need to make a further entry as
TDS receivable A/c Dr. xx
To Party's xx
Is This Answer Correct ? | 18 Yes | 2 No |
Answer / vishnu
who is deductee compamy a/c dr.
tds a/c dr.
TO
Who is the dedoctor cr
Is This Answer Correct ? | 0 Yes | 0 No |
Excise duty applicable for Handmade Production?
I have made our pan card in delhi.so, i want to confirm that it is mandatory that I shall fill our income tax return in delhi
IS ESI is applicable to audit firm which has more than 20 employees?
we have rendered a service for the period 1st may 2016 to 31st may 2016. Quest: Can we raise the invoice with service Tax 14.5% on 1.6.2016 for may period bills? pls clarify
what is form 8? what are all the details to be collected while buying c form
TCS AND TDS I.T RETURN
what is long term capital gains & short term capital gains ?
if company have receivables Rs 50000 & payables Rs. 65000 then what will be current ratio ?
What is rate of tax applicable in absence of central declaration form in state of Haryana. against "C" form rate is 4% & Local VAT is 12.5%. Pl. help.
What is the meaning of Excise duty?Wat are the rules?
How many financial statements are there?
What is the service tax rate for individual contractors and firm contractors.