Tds

PROBABLY IT SHOULD BE :

WHILE PAYMENT:

XYZ  A/C(CREDITOR).................DR

CASH/BANK A/C..........................CR

TDS A/C........................................CR

WHILE SURENDERING:

TDS A/C ....................DR

CASH/BANK A/C .............CR

PROBABLY IT SHOULD BE :

WHILE PAYMENT:

XYZ  A/C(CREDITOR).................DR

CASH/BANK A/C..........................CR

TDS A/C........................................CR

WHILE SURENDERING:

TDS A/C ....................DR

CASH/BANK A/C .............CR

PROBABLY IT SHOULD BE :

WHILE PAYMENT:

XYZ  A/C(CREDITOR).................DR

CASH/BANK A/C..........................CR

TDS A/C........................................CR

WHILE SURENDERING:

TDS A/C ....................DR

CASH/BANK A/C .............CR

agree with above

TDS Should be deduted at Payment or Credit Which ever is earlier

Since

expenses

Expemses A/c Dr

 To Creditor Cr

 To TDS Payable A/c  Cr

Creditor Payment:

Creditor Dr

 to Cash/ Bank Cr

TDS Payment:

TDS Payable A/c Dr

 to Cash/ Bank Cr