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Tds journal

This query is : Resolved 

29 April 2014 pls share the necessary journal entries for Tds payable

30 April 2014 at the time of payment to the deductee:

Deductee A/c (creditor etc)

To Bank/Cash A/c

To TDS Payable A/c


30 April 2014 At the time of Transaction

Deductee A/c Dr
To TDS payable A/c

At the time of Payment

TDS Payable A/c Dr
To Bank A/c




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