banner_ad

194R Journal entry in the books of a company

TDS 992 views 2 replies
User Avatar

Working in Manufacturing Comapny
169 Points Joined July 2014

Please tell me the journal entry for 194R if Gold Coin of INR 10000 is given to Dealer for achieving the sales target.

0 Reply Share Follow
On 21 December 2023 at 17:38 Report
Replies (2)
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015
Is there any difficult for this entry...??!
I don't know exactly for the difficult...

But,
we can enter it simply as

Dr. Gift Expenses - XXXX
Cr. Bank A/c - XXXX


If You want any other entry then please reply...
Reply
On 21 December 2023 at 21:03
User Avatar

Accountant
1227 Points Joined September 2015
Upto 20k no tds.

above entry is correct till 20k crosses to one person.

if gift is above 20k , then deduct tds too.
Reply
On 21 December 2023 at 23:58

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details