Question
HOW TO RECORD FOLLOWING TRANSACTION
SALES : 100000
TRANSPORATION : 10000
OUT PUT VAT @4% 4400
ADD OUTPUT VAT @1% 1100
DEAR SIR,
HOW KNOW RECEIVE TDS RECEIVED... TDS DEPOSITED IN UNDER .......
i think esi gross salary got increased old one is 15000 and now new one is 21000. please make correction if im wrong
hello sir i want to ask ?
Our company taken secured loan from bajaj finance .
We deposit monthly Instalment.
PAss Entry
Bajaj Finance Dr :42939
Interest on secured Loan Dr: 13145
To Punjab National Bank Cr. 56084
Note : Interest Taken From Loan Statement.
Question is
why Tds Deduct on it and which section it will be count & require entry.
Record petty expenses of last month Rs. 4200/- stationery, Rs. 2900/- food expense, Rs. 4120/-Repaird & maintenance, Rs.690/- pertrol expense.
Out of bill 456.Mr. Prabhu returned washing machines, and send balance payable by cheque, whi ch we deposited in cc a/c.
Paid auditing charges Rs. 18000 for last year by cc a/c cheque (provision was made only for Rs 17000)
Whirlpool accepted claim of 19 machines, as two machines were sold 1day prior to declaration of scheme, and send us credit note
Whirlpool has declared a scheme where on sale of more than 15 washing machine in a month they will pau Rs. 500/- bonus for Each machine sold.hence on 17/5/2016 claim send for sale of 21 machines at Rs.500/- on each machine.
Last year debited sale of Rs. 17500/- to soni traders by mistake, it was sale to soni enterprises, correct it.
Opening stock tv sets-Rs 6 lakh, wahing machine - 12 lakh, computers-2 lakh, microwave - 5lakh. Prepaid rent for 6 months:Rs. 60000/- prepaid car insurance Rs. 7960/- audit fees payable:Rs. 17000/-.salary payable Rs. 62900/-,Tds payable Rs. 12400/-,electricity charges payable Rs. 4810/- and Others,capital (cr) Rs. 2271450/- pnb cah credit A/C Cr. -Rs. 200000/-(only bank account the business has.