When tds is deducted from the payments to suppliers, how the Entry will appear

When tds is deducted from the payments to suppliers, how the
Entry will appear in books of accounts in tally.

Question Posted / kondamsubashreddy

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When tds is deducted from the payments to suppliers, how the Entry will appear in books of accounts..

Answer / nilesh

TDS A/C - Dr.
Suppliers A/C -Dr.
To Bank A/c
(being TDS amount Dedecuted from suppliers payment and
remaining amount payment to suppliers and Tds amount deposited.)

Is This Answer Correct ?

9 Yes

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When tds is deducted from the payments to suppliers, how the Entry will appear in books of accounts..

Answer / pradeep

dr. tds a/c

cr.suppliers a/c

Is This Answer Correct ?

6 Yes

1 No

When tds is deducted from the payments to suppliers, how the Entry will appear in books of accounts..

Answer / bachcha kant choudhary

Party a/c Dr.4000 (in tally double entry)
To Bank a/c Cr.3920
To Tds a/c Cr.80 (@2%)

in single entry
party a/c dr.4000
tds a/c dr. -80

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0 No

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