Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / nihar
A. TDS deducted on Due basis and Payment was made.
1)For TDS due-
Expenses A/C Dr.
To Party A/C.
To TDS Payable A/C.
(Being expenses was due and TDS was deducted)
2)For Payment of TDS
Party A/C Dr.
TDS Payable A/C Dr.
To Bank A/C.
(Being payment was made)
B. TDS was deducted on Payment basis
1) Party A/C Dr.
TO TDS Payable A/C.
TO Bank A/C.
(Being advance paid to party and TDS was deducted)
2) TDS Payable A/C Dr.
To Bank A/C.
(Being TDS was Paid)
3) Expenses A/c Dr.
To Party A/C.
(Being Expenses was Booked)
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
What software applications have your used for accounts receivable?
give 3 reasons why capital is referred to as a special liability
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
Account for letter of credit in the books?
how to calculate the per unit cost of production
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.
how to deduct tds on income from other sources with examples
Do you know what are trade bills?
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
What are the characteristic features of financial accounting?
What action could be taken by you and your manager to improve your performance in your current position?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
