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

Answer Posted / rakesh singh

Salrary a/c dr. 50000/-

To Tds payable a/c 5000/-
To Salary payable a/c 45000/-

Salary payable a/c Dr. 45000/-
Tds payable a/c Dr. 50000/-

To bank a/c 50000/-

Is This Answer Correct ?    1 Yes 1 No



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