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.
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)
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