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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Accounting entry for rent due and saary due
Replies (3)
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
Expenditure A/c Dr. 100
To TDS on exp. 10
To payable 90
satish 👍👍👍👍👍👍👍
Mr.Satish answer is absolutely right.
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