pavan kumar (article) (103 Points)
21 September 2014
Dixit
(CA Final)
(2405 Points)
Replied 21 September 2014
Krishna Prasanna
(-)
(200 Points)
Replied 21 September 2014
Commission a/c Dr. 13,41,000
To TDS a/c 1,34,100
To Cash/Bank a/c 12,06,900
Remember there's a simple tip to to write the journal entry for TDS.
If you are incurring any expense on which TDS has to be made,just remember crediting the TDS amount and the balance amount that is the amount to be paid to the party.
Refer the following link to know some more information about the journal entries and the accounting information:
https://www.svtuition.org/2012/08/journal-entries-of-tds.H T M L
pavan kumar
(article)
(103 Points)
Replied 22 September 2014
Madhu Hegde
(article assist)
(62 Points)
Replied 22 September 2014
you have to pass :-
TDS payable A/c Dr (TDS Amount)
To Bank/Cash A/c (TDS Amount)
(When it has been paid)
pavan kumar
(article)
(103 Points)
Replied 14 October 2014
CAclubindia
