PLEASE EXPRETS HELP ME
we charge rent Rs.1,00,000/ month from our tenant, so as on on 1 jan 2012 i received only 60,000 from my tentant and till 31 st march rent is outstanding.. so i know we will pass journal entry like this
bank a/c - 54,000...debit
tds receivales- 6,000... debit
rent receivable- 2,40,000... debit
to rent from debtor- 3,00,000--------credit
now my question is that will we show tds which is still not deducted by my tentant , i meant will we pass any seperate journal entry for TDS which is outstanding on rent(which is not received on i.e 2,40,000) IF YES HOW WILL WE PASS JOURNAL ENTRY ..please experts help me out.