journal entry for rent
This query is : Resolved
13 October 2008
how to pass a journal entry for rent after deducting tds in tally
1st enrty will be Credtior to rent
which is the second entry
1st enrty will be Credtior to rent
which is the second entry
13 October 2008
For making the rent,
Rent A/c Dr XXXX
To Landlord (Creditor) A/c XXXX
For making the payment
Landlord (Creditor) A/c Dr. XXXX
To TDS Payable on Rent A/c XXXX
To Bank / Cash A/c XXXX
Rent A/c Dr XXXX
To Landlord (Creditor) A/c XXXX
For making the payment
Landlord (Creditor) A/c Dr. XXXX
To TDS Payable on Rent A/c XXXX
To Bank / Cash A/c XXXX
13 October 2008
The entry for TDS is to be passed at the time of credit of rent or payment whichever is earlier.
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