every month we have pay the rent through cheque. so rent is 250000.
this entry is correct or not
Rent payment for the Owners.
Party name A/c dr 2,50,000.00
Bank a/c cr 225000
TDS a/c cr 25000
its Correct entry or not
After one month we have to deposite the tds on bank
tds payable a/c dr 25,000
to cash/bank a/ccr 25,000
any corrections is there kindly send the correct entries.
Thanks & Regards,
8th February 2010 From India , Hyderabad
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