Accounting Treatment
This query is : Resolved
02 May 2008
What is the accounting treatment of salary paid to employee after deduction of TDS
02 May 2008
Salary Debit(Gross Amt)
TDS Payable(Salary)Credit (TDS Amount)
Bank Credit (Net Amount)
TDS Payable(Salary)Credit (TDS Amount)
Bank Credit (Net Amount)
02 May 2008
EMPLOYEE SALARY A/C DR.
TO CASH/BANK A/C CR.
TO TDS A/C CR.
TO CASH/BANK A/C CR.
TO TDS A/C CR.
03 May 2008
Salary Debit(Gross Amt)
TDS Payable(Salary)Credit (TDS Amount)
Bank Credit
OR
1) EMPLOYEE SALARY A/C DR.
TO CASH/BANK A/C CR.
TO TDS A/C CR.
2) TDS A/c Dr.
To TDS Payable Cr.
TDS Payable(Salary)Credit (TDS Amount)
Bank Credit
OR
1) EMPLOYEE SALARY A/C DR.
TO CASH/BANK A/C CR.
TO TDS A/C CR.
2) TDS A/c Dr.
To TDS Payable Cr.
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