journal entry for tds
This query is : Open
16 September 2017
my company paying monthly rent of 55000(after tds 49500 through bank). TDS for the same is paid by HO and the amount is paid to HO from my office by cash. what is the exact journal entry for payable and payment.
Ashiwini Ballodia
(Expert)
16 September 2017
1st Entry will be:
Rent A/c Dr 55000
To Bank/Vendor 49500
To TDS Payable 5500
2nd Entry will be at the end of the month to transfer all TDS Payable during the month
TDS Payable DR******
To HO ******
Rent A/c Dr 55000
To Bank/Vendor 49500
To TDS Payable 5500
2nd Entry will be at the end of the month to transfer all TDS Payable during the month
TDS Payable DR******
To HO ******
Ashiwini Ballodia
(Expert)
17 September 2017
Welcome Sreejith Ji
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