Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / amjad
suppose you hire a vechile for transportation of xyz. road
ways for which you pay Rs 20000 as freight
this transportation exp is liable for tds and the entries
will be
1) Transportation A/c dr 20000
To,tdx A/c 200 @ 1%
To,xyz. A/C 18800
2) Tds A/c dr 200
To,Tds payable 200
When making paymene
Tds payable A/c dr 200
To, Bank/Cash
| Is This Answer Correct ? | 18 Yes | 4 No |
Post New Answer View All Answers
Can you differentiate public and private accounting?
What is the difference of cost accounting and financial accounting?
Do you know what is liabilities and what all does include in current liabilities?
Differentiate between consignor and consignee?
Do you know what is the importance of team work in this position?
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
What is fiduciary accounting?
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
Entries to revenues accounts such as service revenues are usually?
What is fitting and fixtures?
What does overhead mean in regards to accounting?
Please advise how to calculate net asset....
what is the right process for input credit of Service tax. and on which service i can take credit.
I want to know the Payroll Accounting Questions
