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/-
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