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how to record journal entry for tds on salary on quarterly
basis?

Answers were Sorted based on User's Feedback



how to record journal entry for tds on salary on quarterly basis?..

Answer / atul parit

1 Salry a/c ..Dr 30000
To TDS a/c 5000
To Salary payable a/c
25000
( Due entry)


2 TDS ..A/c ……..Dr 5000
Salary payable a/c Dr 25000
` To Bank A/c 30000
( Payment entry)

Is This Answer Correct ?    320 Yes 39 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / mohd shah alam

salary a/c dr 30000
To salary payable 25000
To tds 5000
(for due)
salary payable a/c 25000
tds a/c 5000
To cash 30000

Is This Answer Correct ?    115 Yes 16 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / sumit

salary a/c dr
tds on salary a/c dr
to cash

Is This Answer Correct ?    169 Yes 108 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / pramod shukla

salary a/c Dr 30000.00

to cash a/c 27000.00
to tds a/c 3000.00

Is This Answer Correct ?    47 Yes 15 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / pramod shukla

Salary A/c Dr 30000.00

Mr A 27000.00

tds 3000.00

Is This Answer Correct ?    28 Yes 8 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / sunny

SALARY A/C DR. 50000
TO SALARY PAYABLE 45000
TO TDS ON SALARY A/C 5000

SALARY PAYABLE A/C DR. 45000
TO CASH/BANK A/C 45000

TDS ON SALARY A/C DR. 5000
TO CASH/BANK A/C 5000

Is This Answer Correct ?    18 Yes 1 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / n.chandra shekar

salary a/c dr 30000
To salary payable 25000
To tds 5000

salary payable a/c 25000
To cash/Bank 25000

tds a/c 5000
To cash/Bank 5000

Is This Answer Correct ?    15 Yes 0 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / praveen kumar

salary a/c dr
tds on salary a/c dr
To cash/bank a/c

@details of employee in narration

without deatails not accepted

Is This Answer Correct ?    17 Yes 11 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / naresh sharma

salary a/c dr 45000.00

tds a/c dr 5000.00

Bank cr 50000.00

Is This Answer Correct ?    15 Yes 10 No

how to record journal entry for tds on salary on quarterly basis?..

Answer / rakesh padhiary

Salary A/c Dr. 30000/-
To Mr.X 27000/-
To TDS payable 3000/-
(for salary due)

Mr. X A/c Dr. 27000/-
TDS payable A/c Dr 3000/-
To Cash/Bank A/c 30000/-

(Being payment made to Mr.X)

Is This Answer Correct ?    5 Yes 0 No

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