What is TDS,What is the Golden rule of accounts,What expected your salary etc

Question

Accepted Answer

TDS stands for Tax Deducted at Source. The Golden rule of accounts is Debit the receiver, Credit the giver.

TDS is a tax deducted by the payer at the time of making payment.
The Golden rule of accounts states that for every debit entry, there must be a corresponding credit entry.
Expected salary can vary based on experience, qualifications, and the company's budget.

Accepted Answer

Tds refers to Tax deducted at source. For an instance, in a manufacturing industry the supply of finished goods requires supply chain to supply those goods to consumers or anywhere, then when you will pay the charge of freight to that vendor you will deduct TDS at that income source you are providing to that transporter.

And, there are total 3 golden rules of accounting Real. Personal. Nominal (Real- Dr what comes in and Cr what goes out, Personal- Dr the receiver and Cr the giver, Nominal- Dr all expenses and cr all incomes)

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What is TDS,What is the Golden rule of accounts,What expected your salary etc

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