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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)

02 May 2008 EMPLOYEE SALARY A/C DR.

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.


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