Tds
TRIPTI NEGI (accountant) (31 Points)
12 May 2016
SIR PLEASE TELL ME ENTRY OF BELOW IF WE PAID 5000 TDS FOR THE PARTY A WITH INTEREST 45000 WHAT WILL BE THE ENTRY ??
TRIPTI NEGI
(accountant)
(31 Points)
Replied 12 May 2016
WE PAID RS 5000 FOR PARTY A TDS ON COMMISION ON AMOUNT OF RS 50000/- AND INTERESRT AMOUNT IS RS 45000 AND INTERES 45000 AND TDS 5000 PAID BY BANK. WHAT IS THE JOURNAL ENTRY OF THE SAME ??
Praveen Tawania
(Owner)
(369 Points)
Replied 12 May 2016
Interest A/c Dr. Rs.50,000
To Party A/c Rs.45,000
To TDS A/c Rs.5,000
Vinay somani (CA, CS)
(Assistant Manager-Accounts)
(549 Points)
Replied 13 May 2016
Not been able to understand that TDS on what..??
Commissionor interest ir what..??
please clear the query.
CAclubindia
