Where does TDS payable & receivable appear in the books of
accounts
- 5 Answers
- 26937 Views
- Northern Group, I also Faced
- E-Mail Answers
Answer Posted / paresh prajapati
Tds payable is our laiblities and Tds recievable is our
current assets.
it comes in journal entry
tds payable:
company a/c dr xxx
to tds payable a/c xxx
tds recievable
tds a/c dr xxx
to customer a/c xxx
after recieving and paying amount out of bill amount it
will be deducted.
| Is This Answer Correct ? | 16 Yes | 5 No |
Post New Answer View All Answers
What are motive behind mergers And acquisitions?
What three Specific Job Positions do you target from the Industry
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
explain the difference between LIFO and FIFO?
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
What do you mean by Green-shoe option?
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
What is money measurement concept
what is the meaning of Processing Vendor/Employee payments
What is the Purpose of Preparing Bank Reconciliation Statement?
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
why gross profit transfering to profit & loss account
