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Adjustment entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2013 I have following questions on adjustment entry.

Our branch office once paid salary

So the entry is
Salary...............Dr
To TDS Payable
To Bank
TDS paid by HO

So the entry is

TDS Payable...........Dr
To HO

and to close salary in Branch's book

HO.........Dr
TO Salary

Is all correct?
Pls advise.
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Rupesh

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Rupesh (Expert)
26 April 2013 TDS Paid by HO, should either be reimbursed back to HO by passing
HO a/c Dr.
To Bank / Cash

The last entry you mentioned is wrong

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