When we paid tds on rent how will journal entry will come and how to enter in tally software?
Answer Posted / sandeep negi
Lets assume the following. "A" consider Party. "B" consider
TDS & "C" consider Rent
So Journal entry will be as following
Rent "C" (debit)(value of (A+B)
To TDS "B" (C-A)
To PArty "A" (C-B)
Thanks
Is This Answer Correct ? | 37 Yes | 3 No |
Post New Answer View All Answers
How Many Accounting Principale
Explain financial accounting. What are its characteristic features?
What are the most important goals of accounts receivable?
What are the different types of gst?
how in the big companies the budget are prepared and controlled?
Explain what does financial statement of the company includes?
Hey can any body tell me..What are negative assets?
any one provide me mm & fi configration steps
How does accounting contribute to the community?
In which ways is math used in accounting
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
What are time sheets? How are they maintained?