my query is suppose we purchase a asset bill from creditors on 30.3.17 and payment to creditors on 15.4.17.what is the accounting entry or any payable entry on particular dates.plz clarify
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Answer nowHi, ours new company started in November 2016 , from November to March 2017 we have paid salary without deducting TDS as no one is under TDS from November 2016.Some employees are worked in other company and they didn't submitted their form16 or other proofs of TDS from exemployer . So we paid salary without deducting TDS.so should we issue form 16 to employees who are willing to file IT.
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Asset payable entry