sachin barthwal


{ City } dehradun
< Country > india
* Profession * accounts officer
User No # 80175
Total Questions Posted # 3
Total Answers Posted # 2

Total Answers Posted for My Questions # 3
Total Views for My Questions # 10996

Users Marked my Answers as Correct # 25
Users Marked my Answers as Wrong # 1
Questions / { sachin barthwal }
Questions Answers Category Views Company eMail

Suppose we are getting a TDS Certificate from our vendor's how can enter the same in our books.

 1 Accounting General 3763

I make a folder in my comp. system. It having number of file (word, excel, p.point etc) how can protect complete folder.

 2 General Aptitude 3758

what is the difference between sap and sas?

Royal Bank Of Scotland,

Accounting AllOther 3475



Answers / { sachin barthwal }

Question { 6620 }

What is TDS ? How its entry will be passed in accounting
book ?


Answer

TDS means Tax Deducted Sources .
At the time of Deduction :-
{1}Party A/c will be Debited
TDS Payable A/C will be Credited
{2} After deposit in Bank
TDS Payable A/C will be Debited
Bank A/C will be Credited

Every month 7th is last day for submission of TDS amount
for previous month deduction amount

Is This Answer Correct ?    7 Yes 0 No

Question { 17370 }

What is the entry posted for GRN (Goods received Note)?
If the stock received from the party what entry have to post
in books? And in which a/c it has been hit?


Answer

1. Material (which u r getting material name) A/C Dr. XXX
To GRN A/C Cr. XXX
(Being Material received.)

2. GRN A/C Dr. XXX
Vat Recoverable Dr. XXX (If Inside state Purchase)
To Party XXX
To TDS Contractor Payable
(Being stock received from the party)

Inventory a/c has been hit

Is This Answer Correct ?    18 Yes 1 No