Interested to Buy Any Domain ? << Click Here >> for more details...
What is TDS ? How its entry will be passed in accounting
book ?
- 2 Answers
- 7371 Views
- I also Faced
- E-Mail Answers
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 are the methods used in different industries for labor and non-labor costs in Projects.
0 Answers Reliance, Tirupati Exim,
goods sold to mr x of rs5000/-,out of that we give him discount allowed of rs 500/-,and we take setting charges of rs1000/-.so what will be the entry?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
what is BRS? 12.Why is it used ?
Rent paid out of your personal cash 3000 SAR
difition of reserve & surplus
what is the journal entry for cheque dishonour
16 Answers Bank Of America, CTS, Oriental Bank Of Commerce,
sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?
under which ledger should i make opening work in progess and closing work in progress
pre paid expense is a asset?where it should be posted.
In Balance Sheet Why we entered Liabilites & Incomes under Liabilites side , Assets & Expenditures under Assets side.In general think incomes are asssets,expenditures are liabilites.
Subsidiary ledger and the benefit of making it, explain?
Audit 
