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Tds reiveable
CAN ANYONE PLZ TELL ME IS THEIR ANY IMPACT ON CASH BALANCE WHEN TDS IS DEDUCTED FOR AN INSTANCE ONE RECIVE A RENT AMOUNTING RS100000 ON WHICH TDS AMOUNTING RS 10000 HAS BEEN DEDUCTED SO WHEN ONE RECORDS THIS ENTRY AS RENT RECEIVED WHAT WILL BE THE ENTRY AND DOES CASH BALANCE REALLY EFFECTED FROM THAT OR NOT
Replies (1)
Entry will be
Bank A/c..dr
TDS receivable A/c..dr
To Rent received
cash or bank will not be affected by any means.
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