Answer / nagu

Journal Voucher
1) Salaries A/c 1,00,000 Dr
Tds Payable - Salaries A/c 20,000 Cr
Professional Tax Payable A/c 200 Cr
Salaries Payable A/c 79,800 Cr

Payment Vouchers

2) Salaries Payable A/c 79,800 Dr
Bank A/c 79,800 Cr

3) Professional Tax Payable A/c 200 Dr
Bank A/c 200 Cr

4) Tds Payable - Salaries A/c 20,000 Dr
Bank A/c 20,000 Cr

Answer / kavita

Salary a/c Dr 100000
TDS A/C Cr 20000
PF TAX A/C Cr 200
Bank A/C Cr 79800

Answer / arun rawat

Journal Voucher

Salary A/c Dr. 100000
To TDS Payable A/c 20000
To ProfessionalTax Payable A/c 200
To Salary Payable A/c 79800

Payment Voucher
Salary Payable A/c Dr. 79800
To Bank A/c 79800

Payment Voucher
TDS Payable A/c Dr. 20000
ProfessionalTax Payable Dr. 200
To Bank A/c 20200

Answer / bijeesh

BY SALARY A/C 100000
TO BANK A/C 79800
TO TDS A/C 20000
TO PF A/C 200

Answer / vinay kumar

For Journal Entry press F7
1) Salary A/c Dr 1,00,000/-
To Salary Payable Cr. A/c 79,800/-
To TDS Payable Cr. A/c 20,000/-
To P.Tax payable Cr. A/c 200/-
(being salary due for the m/o the-----)
For Payment Entry Press F5
1) Salary Payable Dr 79,800/-
To Bank A/c Cr. 79,800/-
(being salary paid for the m/o----)
2)TDS Payable A/c Dr 20,000/-
To bank A/c Cr. 20,000/-
3) P.Tax Payable A/c Dr. 200/-
To Bank A/c Cr. 200/-

Answer / ameer khusro

BY SALARY a/c 100000
BY Less TDS -20000
BY less pf Tax -200
total

To Bank a/c 79800

Answer / shyam sagar

Ans. No. 4 given by Nagu is correct for maintained proper
accounting. firt have to stand liabilities by pass the
provissional entry. then paid. thanks.. regards..Shyam Sagar

Answer / h.r. sreepada bhagi

Arun Rawat's answer is detailed and is the correct procedure
in accounting.

Answer / maqbool ahmed

please pass in the entry in payment voucher f5
salary a/c is debit 100000
TO TDS 20000
TO Professional tax 200
TO bank 79800
100000 100000
(Narration being salary paid trough bank )

Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

0 Answers  

What is Bank ?

6 Answers  

What is the journal entry for tds collected on a cheque of Rs 50000 paid to a consultant?

3 Answers  

My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.

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how do we pass the Entry for Depreciation?

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what is the difference bitween Consolidated and Parent Companies?

2 Answers   Capital IQ,

For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

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what is accountin statndards

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What is the type of principal for CLOSING STOCK. and why we show closing stock two time that is once in trading account and another time in assets. if closing stock is Real account than what about showing in trading account as we dont show real account type in trading account. thanks

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What is cash profit

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(A/B)(C-(D/E)+F)

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How to posting employer contribution

1 Answers