i received annual inncentive received with deduction of TDS
from My suplier. Total amount 100000/- Inncentive.Rs.90000/-
Tds Rs.10000/- how to take entry in my books.
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Answer / ajay
Supplier A/C -- Dr Rs. 100000/-
Incentive (income) -- Cr Rs. 90000/-
TDS -- Cr Rs. 10000/-
| Is This Answer Correct ? | 12 Yes | 1 No |
CASH A/C DR. 90,000
TDS A/C DR. 10,000
TO INCENTIVE A/C 1,00,000
(BEING INCENTIVE RECEIVED & TDS PAID)
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / amit kumar tiwari
JV
Supplier A/C Dr. 100,000.00
to Incentive(your name) 90000.00
TDS 10000.00
(Being inncentive due for the period of ...........)
PV
Incentive or(Your Name) Dr. 90000.00
to Bank/Cash 900000.00
(Being Amount paid against Inncentive for the
period:.............)
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / urmila
Above Answer is Also Correct But If Your Dont Understand
then I Explain it ... First of All U Received Incentive From
Supplier so Your First Entry Is
Supplier Dr 100000
To Incentive 100000
2nd Time Tds Will Be Deduct From Your Incentive .So You Will
Pass The Entry For Tds
Tds Dr 10000
To Supplier Cr 10000
& the last You Will Received Your Incentive in Cash Or
bank..So It Depend
Cash Dr 90000
Supplier Cr 90000
& i M 100% Sure That This Answer Is Absolutely Correct
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / manoj kumar
Inncentive A/C Dr. 90000
TDS A/C Dr. 10000
To Supplier A/C 1,00,000
(being amount paid agt. inncentive income)
If this entry is not correct,plz.send me right answers on my
email.ID MY Email ID is mkmanoj338@gmail.com
| Is This Answer Correct ? | 6 Yes | 4 No |
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Audit 
