hi all
our h.o pays tds on behalf of branch and branch shows exp. in his books (rent) so, how to shows entire entries in h.o and branch books
plz suggest me
sunny
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tds on rent
Replies (5)
In the books of H.O.
Branch A/c Dr.(with TDS Amt.)
To Bank
Branch Books
Rent Dr.
To Party
To TDS
TDS Dr.
To H.O.
In the books of H.O.
Branch A/c Dr.(with TDS Amt.)
To Bank
Branch Books
Rent Dr. (Gross Amount)
To Party (Net Amount After TDS)
To TDS
TDS Dr.
To H.O.
In Branch Books:
Rent A/c Dr (by Total Amount)
To HO (By TDS Amount)
To Party/cash/bank (By Balance Amount)
In HO Books:
Branch Account Dr. (TDS Amount)
To TDS Payable/Bank/Cash
If HO and Branch both are having saperate PAN then entries will be different
Dear Mr. Gaurav !
Ms Geethanjali, Mr. Gul & Mr. Dashrath Maheswari aptly and accurately pointed out the required entries.
Mr. Dashrath Maheswari, you have wrongly stated as 'PAN' instead of 'TAN'..! may be typing error..
Thanks Mr. Nanduri,
Sorry for the mistake
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