Dear Sir,
I am Employee of ACCSL India Pvt. Ltd. & their 40 Branches of All over india. My question is if rent of allahabad branche paid by Head office of Rs. 60000 with tds deducting @ 10%. what is the journal entry for this. Vendor Name : ashok jain.
| Originally posted by : yash kariya | ||
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1.Allahbad branch ac dr. 60000 . . . . . . To bank 54000(or to vendor if unpaid) . . . . . . To tds payable ac 6000 ( deducted on respected pan) 2.later tds deducted paid to govt. Tds payable dr. 6000 To bank ac 6000. |
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HOW TO ENTRY IN ONE COMPANY WITH BRANCHES AGAINST INCOME & EXPENSES.
1. if branches receive income from business against loan taken from customer for Rs. 1000000?
2. if branches paid expenses from cash or bank ?
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