If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?

If We Paid For Advertising Exp To XYZ Co,which Voucher It
Entered?

Question Posted / satish0410

4 Answers
6383 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?..

Answer / rajesh

1)Journal voucher

Advertising Exp. A/c Dr. 100.00
XYZ Co. Cr. 98.00
TDS Cr. 2.00
2)Payment, XYZ Co. A/c Dr. 98.00
To Bank/Cash 98.00

3)Payment, TDS A/c Dr. 2.00
To Bank 2.00

Is This Answer Correct ?

13 Yes

0 No

If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?..

Answer / omesh

it is adjust in payment voucher.

Is This Answer Correct ?

2 Yes

2 No

If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?..

Answer / srinivas s.chettiar

Journal Voucher

XYZ Co, cr. 10000.00
Advertising Expenses Dr. 10000.00

Payment Voucher

XYZ Co, Dr. 10000.00
Bank / Cash Cr. 9800.00
Income Tax on contractor Cr. 200.00

Is This Answer Correct ?

1 Yes

1 No

If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?..

Answer / sagar

Advertisement exp

Is This Answer Correct ?

1 Yes

6 No

Post New Answer

More Accounting General Interview Questions

what is the journal entry for bank reconciliation.