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TDS Accounting Entry
Sir, Iam Paying Shop Rent Rs.75000.The owners are 3 persons for one shop.A,B,C respectively.Out of Rs.75000/- paying 29500 with Tds deducted Rs 1875 every month For C owner. How to pass single Accounting Entry for all this with TDS?
Replies (2)
Can you please explain it in detail??
Booking entry
Rent. A/c Dr
To C A/c Cr
To TDS on rent A/c Cr
( Rent payable after TDS )
Payment entry
C A/c Dr
To Bank A/c Cr
( payment of rent )
TDS on rent A/c Dr
To Bank A/c Cr
(payment of TDS to GOVT account )
Rent. A/c Dr
To C A/c Cr
To TDS on rent A/c Cr
( Rent payable after TDS )
Payment entry
C A/c Dr
To Bank A/c Cr
( payment of rent )
TDS on rent A/c Dr
To Bank A/c Cr
(payment of TDS to GOVT account )
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