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Accounting Treatment

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(Querist)
02 May 2008 What is the accounting treatment of salary paid to employee after deduction of TDS
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
02 May 2008 Salary Debit(Gross Amt)
TDS Payable(Salary)Credit (TDS Amount)
Bank Credit (Net Amount)
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Jayant Tathe

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Jayant Tathe (Expert)
02 May 2008 EMPLOYEE SALARY A/C DR.

TO CASH/BANK A/C CR.
TO TDS A/C CR.



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Jitender Garg

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Jitender Garg (Expert)
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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