Accounting entry for rent due and saary due


Aditya Sharma (finance advisory)     24 October 2018

Aditya Sharma
finance advisory 
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rent and salary becomes due on 1 day of the month.

but paid on 20 th of the month along with TDS DEDUCTION.

Please tell accounting entry for 1) becomes due 2.) paid. BOTH ALONG WITH TDS PROVISION.

Thanks.

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satish (teaching)     24 October 2018

satish
teaching 
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for suppose total exp is 100. out of that TDS is 10% i.e 10/-.and balace is payable to party. following entry is to be passed on last day of the month.
Expenditure A/c Dr. 100
To TDS on exp. 10
To payable 90

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rahul (a)     24 October 2018

rahul
a 
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satish 👍👍👍👍👍👍👍

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     29 October 2018

Rama chary Rachakonda
Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294 
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Mr.Satish answer is absolutely right.


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