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how to record journal entry for tds on salary on quarterly
basis?

Answer Posted / hklkhk

WHEN DUE SALARY THAT TIME ENTRIES ARE FOLLOWING

EMPLOYEE SALARY A/C DR. 30000
TO SALARY PAYABLE A/C 29400
TO TDS PAYABLE A/C 600
WHEN PAYMENT
SALARY A/C DR.29400
TDS.PAYBLE A/C 600
TO. BANK A/C 30000

Is This Answer Correct ?    2 Yes 1 No



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