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 a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
What is accrual accounting?
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
how to prepare for accontant examinations
Debit Card Come Under Which group in Tally 9?
which report give the data of GL with materials details in sap?
What is computerized accounting?
How the Entry passed for Loss of Payment
total assets are equal to total liabilities in final accounts ?why?
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
What is the entry for closing stock value reduction?
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
