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what is the journal entry if bank deducted tds on commision

Answers were Sorted based on User's Feedback



what is the journal entry if bank deducted tds on commision..

Answer / rajat dey

Receipt Entry
--------------

Commision A/C Cr. Rs........
(Under income site for P/L)
TDS Receivable A/c Dr. Rs.........
(Under Loan & Advacne(Asset)site for B/L)
Bank A/c Dr. Rs.........

Is This Answer Correct ?    7 Yes 0 No

what is the journal entry if bank deducted tds on commision..

Answer / shatrudhan sinhg

Dr. TDS Receivable
Cr Bank TDS received

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry if bank deducted tds on commision..

Answer / rajat dey

Receipt Entry
-------------
Commision Cr. Rs...........
(Under Incoeme in P/L)
TDS Receivable Dr. Rs.........
(Under Loan & Advance(Asset) in B/L)
Bank Dr. Rs........

Is This Answer Correct ?    0 Yes 1 No

what is the journal entry if bank deducted tds on commision..

Answer / yd

TDS on Comm.a/c
Bank a/c

Is This Answer Correct ?    0 Yes 3 No

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