salary to directors
This query is : Resolved
14 May 2011
company paid rs. 420000 to director for financial year 2010-11 and some amount of tds deduct(Rs 15000) in april 2011 then what will be the accounting entry in books of accounts
14 May 2011
company should show its liability in books as on 31 march and make suitable tds provision on same date
entry will be on 31 march
Directio remuneration DR
to TDS Payable
to Director remuneration payable
entry will be on 31 march
Directio remuneration DR
to TDS Payable
to Director remuneration payable
14 May 2011
Or you may also pass the entry in salary and salary payable account
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