Tds receivable on rent
Dhrubajyoti Roy (Accounts Officer) (21 Points)
14 July 2017
What will be the Journal entry of TDS receivable on Rent from ABC party 47500.
Sir Please help
3 Replies
Karan Jain
(43 Points)
Replied 01 August 2017
If you have passed:
Party A/c...Dr 475,000
To Rent A/c. 475,000;
then this entry needs to be rectified by passing the following entry:
TDS Receivable AY 2017-18 A/c...DR 47,500
To Party A/c 47,500
Thanks.
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