TDS On Payment Made For Advertisement Exp.
This query is : Resolved
Guest
Guest
(Querist)
23 August 2010
I want to know ,if a pvt company make payment for advertisement,then what accounting entry will be passed at the time of payable and while making payment?
23 August 2010
For booking Expenses
Dr: Advertisement exp a/c
Cr: TDS payable a/c
Cr: Party a/c
For Payment to party
Dr: Party a/c
Cr: Bank a/c
For Making TDS payment to Govt
Dr: TDS payable a/c
Cr: Bank a/c
Dr: Advertisement exp a/c
Cr: TDS payable a/c
Cr: Party a/c
For Payment to party
Dr: Party a/c
Cr: Bank a/c
For Making TDS payment to Govt
Dr: TDS payable a/c
Cr: Bank a/c
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