TDS entries

2ND OPTION IS BETTER. FROM THIS YOU COULD KNOW WHAT AMOUNT OF TDS DEDUCTED ON WHICH PARTY

but expenditure related to direct cash payment. second option is not applicable.

YOU CAN PASS THESE ENTRIES IN SAME DAY IN CASE CASH TRANSACTION. BUT TRANSACTION CAN NOT BE MORE THAN 20000

both entries are correct but i would also recommend the 2nd approach or the single entry as suggested by bhumesh

2nd entry is correct or the single entry as suggested by Bhumesh. 

2nd entry is correct 100%

If it is direct payment than entry will be..

Commission    50,000   Dr

To TDS payable        5,000  Cr

To Bank                     45,000 Cr

Regards

Dayananda

2nd option are better

Comission A/c   Dr.            50000

  To Tds  Payable                                                            5000

   To Party A/c                                                                    45000

Better option is:

Commission    50,000   Dr

To TDS payable        5,000  Cr

To Party A/c             45,000 Cr

2nd entry is correct...........

At the time of booking commission

Commission a/c dr______50000

To party A/C ________45000

To TDS A/c ___________5000

Payment to the party

party a/c dr._________45000

To Bank a/c ___________45000

Deposit of TDS

TDS  a/c dr._________5000

To Bank a/c _______5000

Commission A/c    Dr.    50000

  To Party                                            45000

  To TDS Payable                                 5000

As simple as that....