Where does TDS payable & receivable appear in the books of
accounts
Answers were Sorted based on User's Feedback
Answer / shakeel
tds payable is our laiblities and recievable tds is our
current assets.
it comes in journal entry
tds payable:
vendor a/c dr xxx
to tds payable a/c xxx
tds recievable
tds a/c dr xxx
to customer a/c xxx
after recieving and paying amount out of bill amount it
will be deducted.
Is This Answer Correct ? | 98 Yes | 9 No |
Answer / sridharan.v
Tds payable is our laiblities and Tds recievable is our
current assets.
Is This Answer Correct ? | 76 Yes | 3 No |
Answer / rohit mishra
Tds Payble appear on the liabilities side of balance sheet and tds receivable is appear on the assets side of balance sheet.
Is This Answer Correct ? | 24 Yes | 1 No |
Answer / ajaya kumar palai
Payable entry:-
Vendor a/c dr.
To tds payable a/c
Receivable Entry:-
TDS a/c dr
To Customers a/c
Is This Answer Correct ? | 23 Yes | 3 No |
Answer / paresh prajapati
Tds payable is our laiblities and Tds recievable is our
current assets.
it comes in journal entry
tds payable:
company a/c dr xxx
to tds payable a/c xxx
tds recievable
tds a/c dr xxx
to customer a/c xxx
after recieving and paying amount out of bill amount it
will be deducted.
Is This Answer Correct ? | 16 Yes | 5 No |
Definition of partnership
what is diffence between Ltd. Company and Pvt. Ltd. Company
what is goods in transit and how to pass an entry
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
where can i find the free basic tutorial for tally9.1
EXPAND_________VAN
what is mean by provision ? give me examples ..
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
Expand---------DOTM
WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?
What is Financial planning?
What is the diferrence between a balance sheet and a capital account????
5 Answers CS, ICAI, Piyush Industries, Wipro,