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What is the entry of tds provision?

Manaliraul ∙

Lvl 1

∙ 16y ago

Updated: 9/18/2023

For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.

Wiki User

∙ 16y ago

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What is Provision for audit fees entry?

what is the accounting entry for provision for audit fees

Whether tds deposited by book entry?

no

Double entry book-keeping for a decrease in provision for bad debts?

when there is decrease in provision of doubtful debts the double entry to record it would be ; debit : provision credit: expense /bad debts

How do you do double entry on stock provision?

To perform double entry on stock provision, you'd record the company's transactions twice. Two of the accounts in the system will have this.

Journal entry for salary paid to Anil and tds deducted?

1) a) Salary Payable A/C Dr. TDS on Salary A/c Dr. To Salary A/c To TDS on Salary A/c b) Salary A/c Dr. TDS on Salary A/c Dr. To Bank

Related Questions

How do you TDS entry in tally 7.2?

indiret a/c .....dr To tds a/c .....cr

What is Provision for audit fees entry?

what is the accounting entry for provision for audit fees

How do you entry sales in tally?

first entry as jurnal then you pass alt+s after that your tds will ducted then you pay amount party and tds pay in government

Whether tds deposited by book entry?

no

How do you TDS entry in Tally ies 72?

indiret a/c .....dr To tds a/c .....cr

Who built tally?

How can I make the TDS entry in Tall7.2 ?

Double entry book-keeping for a decrease in provision for bad debts?

when there is decrease in provision of doubtful debts the double entry to record it would be ; debit : provision credit: expense /bad debts

What is the journal entry payment after cutting tds?

Cash / Bank A/c. ------Dr. Tds receivable A/c.-----Dr. To Sundry Debtor A/c.------Cr.

How do you do double entry on stock provision?

To perform double entry on stock provision, you'd record the company's transactions twice. Two of the accounts in the system will have this.

Is TDS applicable to Liaison office foreign employee?

Yes, TDS is applicable. It is the status of foreign employee which would help to determine the correct provision of TDS. In normal course in case of foreign employees TDS is to be deduced u/s 195 read with section 194J. For more details, visit: http://www.taxmanagementindia.com

Journal entry for salary paid to Anil and tds deducted?

1) a) Salary Payable A/C Dr. TDS on Salary A/c Dr. To Salary A/c To TDS on Salary A/c b) Salary A/c Dr. TDS on Salary A/c Dr. To Bank

What will be tds entry in tally 9?

indiret a/c .....dr To tds a/c .....cr

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