Interested to Buy Any Domain ? << Click Here >> for more details...
What will be a entry for TDS deducted on Salaries,
Directors Remuneration and Rent.
- 1 Answers
- 35190 Views
- I also Faced
- E-Mail Answers
if Gross salary is 121000.
Journal entry will be.
By Salary A/C Dr Rs.121000
To Salary payable A/C cr Rs.109800
To Professional tax payable A/C cr Rs. 200
To Tds on salary A/C Cr Rs. 11000
Payment entry will be.
By Salary paid A/C dr Rs.109800
To Cash/ Bank A/C cr Rs.109800
For Rent entries are as follows.
IF rent is 21000
Journal entry will be.
By Rent A/C dr Rs.21000
To Rent payable A/C cr Rs.18900
To Tds on rent A/C cr Rs. 2100
Payment entry will be.
By Rent payable A/C dr Rs.18900
To Cash/ Bank A/C cr Rs.18900
| Is This Answer Correct ? | 54 Yes | 5 No |
What entry to be passed for Duty draw back as receivable
what is the difference between depreciation in account books and depreciation as per income tax act
what is difference between capital reserve n reserve capital?
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
who is the supreme commander of Indian Armed Forces?
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
Tell About ur self what will i say plz help me
Tell me deferred taxation is a part of which equity?
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
What is the TDS deduction & Service chargges for FY 2011- 2012
What is trail balance
i take a loan of 500000 rs. From ICICI bank, after 6 months i paid all from SBI bank. How can i make jv entry?
Audit 
