When we paid tds on rent how will journal entry will come and how to enter in tally software?
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Answer Posted / t
TDS on rent a/c(amount deducted as TDS from rent)...Debit
To, Bank a/c (Credit
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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