TDS entry of commission paid in cash
This query is : Resolved
27 September 2016
What will be the TDS entry of Commission paid in cash
27 September 2016
in the books of deductor
debit commission
credit TDS
credit cash
(At the time of payment of commission)
debit TDS
credit cash
(At the time of payment of TDS to Govt)
debit commission
credit TDS
credit cash
(At the time of payment of commission)
debit TDS
credit cash
(At the time of payment of TDS to Govt)
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27 September 2016
and where will go the balance of Commission A/c.will it be transfer to P&L A/c or something else
27 September 2016
commission is expense no? if yes, it will go to profit and loss account.
27 September 2016
I already told you we are paying commission to our brokers
27 September 2016
Sorry, you never mentioned anything about BROKER...please read your query once again. Ok?
So read the answer and come back any further query.
So read the answer and come back any further query.
27 September 2016
sir is there any difference between commission paying to broker and someone else??
27 September 2016
No, not really
Since you categorically mentioned that you already TOLD.....therefore I corrected your statement
commission can be given on various accounts....referral, estate agents, lottery, travel agent, education, whole sale market and so on so forth
anyway....the entries are clear?
Since you categorically mentioned that you already TOLD.....therefore I corrected your statement
commission can be given on various accounts....referral, estate agents, lottery, travel agent, education, whole sale market and so on so forth
anyway....the entries are clear?
Message likes :
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27 September 2016
I may be wrong bcz I am novice.yeah sir all entries are clear now. and thank you so much for your answers
27 September 2016
you are most welcome.
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