Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / mounika
TDS tax deducted at source
Tax is to be deducted at the time of invoice
posting or advance payment posting whichever is earlier.
expenses a/c dr
To Party a/c
(being raised the entry first)
Party a/c dr
To TDS a/c
(being TDS deducted)
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
What is the definition of manual accounting?
informance about performance is disclosed by
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.
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
Tell me in which account does the unpresented cheque will get recorded?
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year
Private purchases amounting to rs 5000 have been debited to purchases account
how many types excise audits and when they are applicable to firm
what are the direct expense of loan department in banks.
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
under which accounting rule prepaid salary?
Explain which account is responsible for interest payable?
What is the revenue recognition principle?
