Quote:
Originally Posted by pandusubbu  Hi Sir,
I am newly joining a company as a junior accountant my office business is the corporate guesthouse. we have take the flats and houses for rents or lease for one year. so my doubt is the every month we have to pay the rent to the custmoers so when we will pay the amount through cheque plz send me the entries. every month we deucted the tds alsd kindly helpe me sir
Thanks & Regards,
Subramanyam. |
Hai subramani
Entry for the Lease rent along with tds would be
Lease Rent a/c dr
To Land lord a/c
To Tax deducted at source
(being entry for lease rent due)
Land Lord a/c dr
To Cash/bank a\c
(being entry for payment)
Lease rent should be created under Indirect expenditure
Land lord should be created under current liabilities
tax deducted at source should be created under current assets
Murali sundara dass.r
