Accounts entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
tds AMOUNT IS RS. 500, BUT LATE FINE IS 21/- WHAT WILL BE THE ENTRY
17 July 2012
TDS Payable 500 Dr.
Interest on TDS 21 Dr.
To Bank A/c 521
Interest on TDS 21 Dr.
To Bank A/c 521
17 July 2012
you craete one account called Int on Late Payment(TDS) or interest a/c(under Head of Finance Charges)
So you can debit Rs 21 to Interest account
So you can debit Rs 21 to Interest account
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