how to record journal entry for tds on salary on quarterly
basis?
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Answer Posted / 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 |
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