Interested to Buy Any Domain ? << Click Here >> for more details...
What is the entry for payment made to the distributor after
deducting TDS and adjusting the credit note raised by them.
For Ex: actual amount to pay rs.1000
TDS deducted rs.200
credit note of rs.500
- 2 Answers
- 5891 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rajesh
Hai Here u go!!!
First Credit Entry
1) DR XXX ( Expenses Debit ) -Rs.1000/-.
CR party name -Rs.1000/-.
2) Credit Not Issued by them
Dr party name -Rs.500/-.
Cr XXX ( Expenses ) -Rs.500/-.
3) Now Payment
Dr party name - Rs.500/-.
CR TDS Deducted (or)Payable -Rs.200/-.
CR Cash or Bank -Rs.300/-.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / pravin pawar
First Credit Entry
1) DR XXX ( Expenses Debit ) -Rs.1000/-.
CR party name -Rs.1000/-.
2) Credit Not Issued by them
Dr party name -Rs.500/-.
Cr XXX ( Expenses ) -Rs.500/-.
3) Now Payment
Dr party name - Rs.500/-.
CR TDS Deducted (or)Payable -Rs.100/-.
CR Cash or Bank -Rs.400/-.
| Is This Answer Correct ? | 1 Yes | 0 No |
Differece b/t Equity and Prefferece Capital?
sorry this is my personal. But i want to be share because i am confusing stage. This is not related any interview question first in my schooling i studied telugu mideam. After my B.com i joined CA but i didn't pass but i vasted 4yrs. After i did MBA still i am not fluentcy in english i learned 30% english if i will go interviews or not ?
what is the journal entry for tax refund?
28 Answers Firm, HSBC, Rahman Industries, Taj Group,
what do you mean by Line item display?
Which one of these two (SAAP & GAAP ) software you prefer to use and why?
Short Answer on ______________Assets
hai sir, ice factory power bill how to enter in tally. means : we are paid monthly bill through bank . how pass journal and which head of account
Expand ________FICCI
Expand C N V A T
what is accounting standard?
Role played by a financial manager in matter of dividend policy
hwo to joine accountancy
Audit 
