Question

In which voucher type entry is done for tds calculations?

Answer 1

Answer:

[ A] F7: Journal

[B] F5: Payment

[ F] F6: Receipt

[ D] Non of the above

Answer 2

Answer:

Entries related to tax are made in F7:Journal . These are entries for tax payable.

Explanation:

It is used to make adjustments between any two ledgers. There are no outside parties engaged, such as Debtors, Creditors, or Branches/Divisions. These are rectification entries where any type of adjustment for non-cash or bank transactions is noted. All transactions' entries that will not be assigned to another accounting voucher are recorded here.

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