Expense Entries with and without TDS

Transcript

IF NO TDS First Expense then Payment  First Payment in Advance, then Expense  Bill Expense A/C Dr. To Party A/C 100000 100000 Payment Party A/C Dr. To Bank A/C 100000 100000 Payment Party A/C Dr. To Bank A/C 100000 100000 Bill Expense A/C Dr. To Party A/C 100000 100000 Bill Expense A/C Dr. To Party A/C 100000 90000 Payment Party A/C Dr. To Bank A/C 90000 90000 Payment Party A/C Dr. To Bank A/C 100000 90000 Bill Expense A/C Dr. To Party A/C 100000 100000 To TDS 10000 To TDS 10000 If TDS @ 10% Expense Entries 20% Payment in Advance, then Expense 100000, then Balance Payment Bill Expense A/C Dr. To Party A/C 100000 100000 Payment Party A/C Dr. To Bank A/C 20000 20000 Payment Party A/C Dr. To Bank A/C 80000 80000 Payment Party A/C Dr. To Bank A/C 20000 18000 To TDS A/C 2000 Bill Expense A/C Dr. To Party A/C 100000 92000 Payment Party A/C Dr. To Bank A/C 72000 72000 To TDS A/C 8000 If No TDS If TDS @ 10% Applicable