Opening credits balance for A Ltd is Rs.100/-
Current year rent receivable from A.Ltd net of TDS is Rs. 90(TDS is Rs.10)
What will be the accounting entry?
Menu
Tds entry
Replies (6)
Receipt Voucher :
Cr. Rent Receivable A/c - 90
Dr. Cash / Bank A/c - 90
Journal :
Cr. Rent Receivable A/c - 10
Dr. TDS A/c - 10....
Cr. Rent Receivable A/c - 90
Dr. Cash / Bank A/c - 90
Journal :
Cr. Rent Receivable A/c - 10
Dr. TDS A/c - 10....
I think there is no need for cash payment.
(I think there is no need for cash payment.)
Also I replied Cash or Bank receipts...
Also I replied Cash or Bank receipts...
A ltd account Dr. 90
Tds receivable Dr. 10
Rent receivable account 100
i agree with Mr. Rajendran
here TDS is an asset. It can be adjust from our tax liability while self assessment.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
