Journal Entry
Amit Prakash Singh (118 Points)
28 July 2020
What will be the provision entry of Rent with tds deduction of 31st march'20 and journal entry of paying same bill in July'20
3 Replies
Krishna Shah
(65 Points)
Replied 28 July 2020
On 31st march- Rent a/c Dr
To Tds A/c
To party A/c
on july -. party A/c Dr.
To Bank A/c
To Tds A/c
To party A/c
on july -. party A/c Dr.
To Bank A/c
anmol vashisht
(53 Points)
Replied 28 July 2020
1) rent a/c dr.
to party a/c
2) party a/c dr.
to tds payable a/c
3) on July = party a/c dr.
to cash/bank a/c
4) desposit tds = tds payable a/c dr.
to bank a/c
to party a/c
2) party a/c dr.
to tds payable a/c
3) on July = party a/c dr.
to cash/bank a/c
4) desposit tds = tds payable a/c dr.
to bank a/c
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 28 July 2020
Provisional entry on 31st March :
Rent Expense A/c Dr
..To TDS Payable A/c
..To Party A/c
On july, when payment made to party :
Party A/c Dr.
..To Bank A/c
When TDS Paid :
TDS Payable A/c Dr.
..To Bank A/c
Rent Expense A/c Dr
..To TDS Payable A/c
..To Party A/c
On july, when payment made to party :
Party A/c Dr.
..To Bank A/c
When TDS Paid :
TDS Payable A/c Dr.
..To Bank A/c
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