how to record journal entry for tds on salary on quarterly
basis?
Answer Posted / ravinder yadav
1. Salary a/c Dr. 30000
To TDS a/c Dr. 5000
To Salary Payable 25000
(Being Salary and TDS due)
2. TDS a/c Dr. 5000
Salary Payable Dr. 25000
To Cash/Bank 30000
(Being salary paid)
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