hi there,
Confused!!!!!!!!!!! what should be the entry for making payment of salary and tds on such salary which due on the 1st day of april for the month of march if accounting year starts from 1st april of each year, also make me clear about the entry to be done at 31st march of the pr. year.
thanks in advance
On 31st march (Journal Voucher)
Dr Salary A/c
Cr TDS A/c
Cr Salary Payable A/c
On 01st April (Payment Voucher)
Dr Salary Payable
Dr TDS
Cr Cash or Bank
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