Interested to Buy Any Domain ? << Click Here >> for more details...
What is the journal entry for tds collected on a cheque of Rs
50000 paid to a consultant?
- 3 Answers
- 6850 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vishalgoel88@yahoo.com
Consultancy fees a/c dr. ... 50000
To Bank a/c ... 45000
To TDS payable a/c... 5000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vishal
Total Value of Expense 50000/-
Entry
Consultant Fees ...dr 50000
tds on 194j a/c. ...cr 5000
To bank a/c ...cr 45000
| Is This Answer Correct ? | 0 Yes | 4 No |
why net profit add in capital in balance sheet
A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000
what is the meaning of revenue income and revenue expenditure
what is break even point
Why some asset accounts have a credit balance?
What software applications have your used for accounts receivable?
Do you know how many types of business transactions are there in accounting?
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
what is debit and credit in accounting
What do you mean by prepration of Balance sheet? how to explain this with example, please tell me if anybody knows this.
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
zerobase budgeting
Audit 
