What is TDS ? How its entry will be passed in accounting
book ?
Answers were Sorted based on User's Feedback
Answer / umesh kulkarni
tds means tax deducted sources .
party A/c ... dr
to tds A/c cr
when it pay in bank
tds a/c .. dr
to bank A/c cr
| Is This Answer Correct ? | 17 Yes | 2 No |
TDS means Tax Deducted Sources .
At the time of Deduction :-
{1}Party A/c will be Debited
TDS Payable A/C will be Credited
{2} After deposit in Bank
TDS Payable A/C will be Debited
Bank A/C will be Credited
Every month 7th is last day for submission of TDS amount
for previous month deduction amount
| Is This Answer Correct ? | 7 Yes | 0 No |
what is the maximum no. of persons/members in a private limited co.
Can u please give me a proper example of how genral entries of depreciation are recorded like if depreciation expense is ONE HUNDRED and acc.dep is two hundred how we will record that?
will preference share holders will have voting right?wat is difference between eqity holders and preference share holders
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
Labour charges paid to labour party on tds rate ? May be deductable ? Example Iron purchase 16.500 mt. Per ton broking charges 200.00
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
What Is The Difference Between Bill and Invoice.
In accounting, how do you define the premises?
what is deprisiation?what is upprisiation?what is bill receable and payable
MEANING OF RED HERRITING
What is GR form why we use it and what is the step of GR FORM by various department as some little knoledge of me it is used by custom for wher the FERA is applicate. But I dont now where FERA is applicatble thanks
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523