accounting entries.

Final 344 views 1 replies

hello friends,

Please tell me the accouning entries of TDS on salaries, comissions and entry of edu.cess.

Replies (1)

Following is the entry to be passed:-

 

Salary A/c      Dr.                                XX

(Grouped under Indirect Exps.)

              To Bank / Cash A/c                       XX

(Grouped under Cash / Bank)    

               To TDS on Salaries A/c               XX

(Grouped under Duties & Taxes)

 

 

 

Commission A/c      Dr.                  XX

 

(Grouped under Indirect Exps.)

              To S.Creditor A/c                           XX

(Grouped under S.Creditor)    

               To TDS on Salaries A/c               XX

(Grouped under Duties & Taxes)

 

No Eduction Cess is payable while deducting TDS, so no need to credit Education Cess

 

 

 

 

Regards,

Devendra Kulkarni


CCI Pro

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