how to record journal entry for tds on salary on quarterly
basis?
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
Answer / pramod shukla
Salary A/c Dr 30000.00
Mr A 27000.00
tds 3000.00
Is This Answer Correct ? | 28 Yes | 8 No |
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 |
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 |
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 |
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 |
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 |
What is Form H .Why we required form H. How it can benefit us?
what is service tax rate of work contract in f.y.2012-2013 and what is compos ion scheme and normal scheme
What happen if employer not deduct t.d.s. on salary paid upto December?
2 Answers TATA, Wasankar Wealth Management,
D form isse quartly or yearly by gov.?
How to paid online professional tax form IDBI bank
Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.
CAN MINOR GET PAN AND FILE THE RETURN?
Penalty if TDS Returns not submitted on time?
what is service tax ? what are diffferent tax rates?
I received TDS Certificate (Form No 16A) from one company, they diduct the amount from our bills. how can i refund that amount. pl tell me.
If fail to deposit tds within or on 7th of next month then what will be the Interest charge?
what was the rate of duty i have to pay if i want to import 1) lubricants(engine oil, etc) 2) grease 3) v-belts(rubber belts used in machines, cars, etc)