Answer Posted / k. phalguna rao
Ex. X is a Contractor he submitted his bill for Rs. 25000.0
for masion work
for first entry is
Masion work a/c dr 25000
To X A/c 25000
after we make payment to him
X A/c Dr. 500.00
To TDS on X A/c 500.00
(Being 2% deducted as TDS on sub contract works for Rs.
25,000.00)
X A/c Dr. 24,500.00
To Bank A/c 24,500.00
(Being balance amount paid after deducting TDS)
TDS on X A/c Dr. 500.00
To Bank A/c 500.00
(Being TDS amount paid to Govt. on due date on behalf of
Mr. X)
| Is This Answer Correct ? | 125 Yes | 18 No |
Post New Answer View All Answers
What is accounts payable?
all of interview question about coop bank of oromia
How can a company reduce profit
what is the process of excise duty?
What is the use of final account?
Is WCT paid to be considered as overhead during costing in construction firm?
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
Short Answer on ______Amortization
EXPAND_________SEAMEC
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
What goals do you have in your career
MMT and MID payment how post in tally
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
what is general HR?
Which Exchange determine Foreign Exchange/Currency Rate?
