06 May 2022
while booking income for Rent and Interest TDS receivable should be booked at the same time in my books or at the time of receipt which can be better, example Rent /Interest income Rs. 5,00,000 Rent/Interest Receivable Dr 4,50,000 TDS Receivable DR 50,000 To Rent /Interest Income 5,00,000 OR Pass Rent /Interest Receivable Dr. 5,00,000 To Rent / Interest Income 5,00,000 after receiving amount Bank Account Dr. 4,50,000 TDS Receivable Dr , 50,000 TO Rent /Interest Receivable.
07 May 2022
Pass Rent /Interest Receivable Dr. 5,00,000 To Rent / Interest Income 5,00,000 after receiving amount Bank Account Dr. 4,50,000 TDS Receivable Dr , 50,000 TO Rent /Interest Receivable.