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what is the entry of tds when rent received for debtors ?

Answers were Sorted based on User's Feedback



what is the entry of tds when rent received for debtors ?..

Answer / lavsingh

debtors a/c Dr
Tds on Rent Dr
To Rent a/c
( Being rent for the x month and Tds receivable accounted)

Is This Answer Correct ?    16 Yes 2 No

what is the entry of tds when rent received for debtors ?..

Answer / prem kumar

Bank A/c Dr

TDS Receivable A/c DR

To Debtors A/c

(Being rent Received form Debtors After Deducting of TDS )

Is This Answer Correct ?    10 Yes 2 No

what is the entry of tds when rent received for debtors ?..

Answer / kishore

CASH A/C Dr.
T D S ON RENT A/C Dr
TO RENT A/C

Is This Answer Correct ?    6 Yes 0 No

what is the entry of tds when rent received for debtors ?..

Answer / kiran

party a/c dr

to tds a/c

( being tds deducted @10% on rent)

Is This Answer Correct ?    2 Yes 3 No

what is the entry of tds when rent received for debtors ?..

Answer / ayyappa

Bank a/c Dr xxxx

sundry Debtors a/c xxxx

Tds payable a/c xxxx

(Being rent received and tds payable )

Is This Answer Correct ?    0 Yes 9 No

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