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

Answer Posted / vinay.r

Salary A/C Dr 50000
To Salary Payable A/c 45000
To TDS on Salary A/c 5000

Salary Payable A/C Dr 45000
To Bank A/C 45000

TDS on Salary A/c 5000
To Bank A/c 5000

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