Menu
Journal Entry
What will be the provision entry of Rent with tds deduction of 31st march'20 and journal entry of paying same bill in July'20
Replies (3)
On 31st march- Rent a/c Dr
To Tds A/c
To party A/c
on july -. party A/c Dr.
To Bank A/c
To Tds A/c
To party A/c
on july -. party A/c Dr.
To Bank A/c
1) rent a/c dr.
to party a/c
2) party a/c dr.
to tds payable a/c
3) on July = party a/c dr.
to cash/bank a/c
4) desposit tds = tds payable a/c dr.
to bank a/c
to party a/c
2) party a/c dr.
to tds payable a/c
3) on July = party a/c dr.
to cash/bank a/c
4) desposit tds = tds payable a/c dr.
to bank a/c
Provisional entry on 31st March :
Rent Expense A/c Dr
..To TDS Payable A/c
..To Party A/c
On july, when payment made to party :
Party A/c Dr.
..To Bank A/c
When TDS Paid :
TDS Payable A/c Dr.
..To Bank A/c
Rent Expense A/c Dr
..To TDS Payable A/c
..To Party A/c
On july, when payment made to party :
Party A/c Dr.
..To Bank A/c
When TDS Paid :
TDS Payable A/c Dr.
..To Bank A/c
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
