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
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