how to pass an entry for expenditure by deducting tds for
customer
Answer Posted / narasimha rao
ex:if payment 50000 to party tds rate will aplly 10%=5000 so e
party a/c dr -45000
tds a/c dr -5000
to bank or cash -50000
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
What is capital adequacy ratio? What is demat account?
why accounting is important in business?
I am working in govt. sec. How to make journal entry in books for Fix Deposit
Explain what is liabilities and what all does include in current liabilities?
Define the term material facts in accounting?
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
Mention the types of ledgers?
Can you differentiate public and private accounting?
Please explain the difference between provision and reserve?
journal entry for goodwill and capital bought by a new partner?
export sales contract and domestic sales contract? india's trade in commercial services?
we can transfer stock between two firms with same name but prop. is different.
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
Into which account do we close the revaluation account balance during the winding up of a company?
hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately