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

Answer Posted / prafulla kumar patra

salary A/C.......dr
To TDS a/c
To Salary payable a/c
&

TDS a/c.............Dr
Salary payable a/c....Dr
To Cash/Bank

AND FINAL ENTRY IS BELOW:
SALARY A/C.........DR
TO CASH/BANK A/C

Is This Answer Correct ?    0 Yes 2 No



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