Tds receivable on rent

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Accounts Officer

21 Points Joined June 2017

What will be the Journal entry of TDS receivable on Rent from ABC party 47500. Sir Please help

Replies (3)

Guest

TDS A/c AY 20XX-XY Dr.

To Rental income A/c

43 Points Joined April 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.

Accountant

24 Points Joined February 2013

where is gst entry

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