Adjustment entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2013
I have following questions on adjustment entry.
Our branch office once paid salary
So the entry is
Salary...............Dr
To TDS Payable
To Bank
TDS paid by HO
So the entry is
TDS Payable...........Dr
To HO
and to close salary in Branch's book
HO.........Dr
TO Salary
Is all correct?
Pls advise.
Our branch office once paid salary
So the entry is
Salary...............Dr
To TDS Payable
To Bank
TDS paid by HO
So the entry is
TDS Payable...........Dr
To HO
and to close salary in Branch's book
HO.........Dr
TO Salary
Is all correct?
Pls advise.
26 April 2013
TDS Paid by HO, should either be reimbursed back to HO by passing
HO a/c Dr.
To Bank / Cash
The last entry you mentioned is wrong
HO a/c Dr.
To Bank / Cash
The last entry you mentioned is wrong
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