What should be the entry passed for TDS deduction by the
Company and tds deducted on the Company?
Can tds refund on FD foreclosure be adjusted aganist the
tds deducted on the Company?
Answers were Sorted based on User's Feedback
Answer / koyi
Tally software entry
XYZ Company 10000
TDS Deducted -1000
Bank 9000
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / om
AT Time of Deduction of Tds by the Party
Entry will be
Party 10000
TO Professional fees 10000 ( Directincome)
Tds 1000
cash 9000
To party 10000
AT time of deducting tds
Professionl fees 10000
TO Party 10000
party 10000
To Tds 1000
To Cash 9000
Depositing tds\
Tds 1000
To cash 1000
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / om
AT Time of Deduction of Tds by the Party
Entry will be
Party 10000
TO Professional fees 10000 ( Directincome)
Tds 1000
cash 9000
To party 10000
AT time of deducting tds
Professionl fees 10000
TO Party 10000
party 10000
To Tds 1000
To Cash 9000
Depositing tds\
Tds 1000
To cash 1000
| Is This Answer Correct ? | 5 Yes | 2 No |
What is compensation theorem?
what is golden rules of accounts
Does Operating Cost include Taxes - Direct or Indirect?
Who is the founder of accountancy
what is the differance bet ween Bill and invoice?
apptitude Questions for accounts payable job
1 Answers Accenture, Airtel, Call Centre, WNS,
respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...
what is article of association? what is memorandum of association?
What is Operating cost? Please explain by an example?
Company has 10000 shares, issued dividend of 10rs, tax 25% what is total net profit ?
WHAT IS ABC ANALYSIS
what are concepts and conventions of accounting
25 Answers CDLE, Infosys, Netco, TCS,