Interested to Buy Any Domain ? << Click Here >> for more details...
how to pass the journal entry for tds dedcted on commission
receivable
- 5 Answers
- 29682 Views
- ABC, REDR, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / srikanth
When the Commission received and TDS wad Deducted then we
have to pass the journal entry as
TDS Receivable A/c Dr
To Commission Received.
But in the case of Commission Receivable, we have to made a
provision of Commission Receivable and the then TDS to be
adjusted.Entry will be passed like as...
1. Commission Receivable A/c DR
To Commission
(Being Provision made for Commission Receivable)
2. When the Commission received, the Following entry to be
passed.
TDS Receivable A/C Dr
To Commission Receivable.
(Being Commission Received and TDS to be Received)
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / neel
Account receivable A/c -dr
tds on commission A/c -dr
to commission a/c
| Is This Answer Correct ? | 25 Yes | 9 No |
Answer / sachin kumar
TDS Receivable A/c Dr
To Commission Received.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / abhi
CASH A/C Dr.
TO COMMISSION RECEIVED A/C
(Being received commission for cash)
Commission can received only for cash
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / suresh.s
bank a/c dr
tds a/c dr
commission receivable a/c cr
| Is This Answer Correct ? | 5 Yes | 10 No |
what is debit and credit in accounting
hi, M a fresher who started work in an event management firm as an accountant recently, and i don't know the head o tail of what to be done., worse part is its a small firm, and i have to learn everything on my own,:( so if anyone could guide me pllleeeeeesssssssseeeeeeee help... its really very urgent.. I'd be very grateful...
for which account the cost centre should be given?
distribution of gift in diwali to employee & buyer!! what's suitable expences head.
2 Answers Hindustan Institute of Technology,
Tell me do you have any idea about service tax or excise?
what is the Differed Tax Liability & How it is calculate ?
0 Answers Biocon, Shantha Biotech, Titan Biotech,
WHAT IS CRR, REPORATE, REVERSE REPO RATE
I am confused with Capital Account and Drawings Account. Please show me "the general Journal Entries" and "Owner's Equity in Balance Sheet". (1) The owner increased his investment in the company by $10,000. (2) The owner increased his investment in the company by $10,000.
We can Show Director Exp. in Limited Compay,
what will be the entry for inventory
WHAT IS CASH DISCOUNT & TRADE DISCOUNT?
when we compare to bank statement with the our pass book the enteries are opposite why this happens?
Audit 
