TDS deduct to rent

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security deposite for rent .what is journal entry and monthly paid to rent and deduct Tds
.what is journal adjust for tally plz help for this query.
Replies (3)
1) Security Deposit. A/c Dr
To Bank A/c Cr
( security Deposit paid )

Note -show Security Deposit under Current Asset


2) Rent. A/c Dr
To Trade creditor A/c Cr
To TDS on Rent A/c Cr
( Rent payable after TDS deduction)

3) Trade creditor. A/c Dr
Bank A/c Cr
( Rent paid )

4 ) TDS on Rent. A/c Dr
To Bank A/c Cr
( TDS deposited with Government account)
2)after creation of liability.
4) tds on rent dr. Bank cr.
Thanks for response my query.


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