how to record journal entry for tds on salary on quarterly
basis?
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Answer Posted / sunny
SALARY A/C DR. 50000
TO SALARY PAYABLE 45000
TO TDS ON SALARY A/C 5000
SALARY PAYABLE A/C DR. 45000
TO CASH/BANK A/C 45000
TDS ON SALARY A/C DR. 5000
TO CASH/BANK A/C 5000
| Is This Answer Correct ? | 18 Yes | 1 No |
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