Hi Sir, Please send me the how enter the entries in daybook and ledgers every month we have paid the rents clear send the entries of day book and ledges thanks & regards, Subramanyam.
From India , Hyderabad
Dear subramanyam,
Rent A/c.......De
party A/c ...........Cr. (Provision Created)
Party A/c......De
Bank / Cash ........Cr (payment entry)
if you are deduct the tds, the entry will be..
Rent A/C........De
TDS On Rent A/c.....Cr
Party A/c...............Cr
regards,
vasanth

From India , Bangalore
-----------------further entry is
tds on rent a/c ---Dr.
to tds payable a/c
----------------when tds paid on 7th
tds payable a/c -Dr
to Bank a/c

From India , Delhi
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