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TDS Entries

Former Member
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Dear All,

Can any one send me the Accounting entries which are generted from Advance Payment to vendor Invoice and clearing the vendor account transactions.

Thanks & Regards,


Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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If you are calculating TDS for Rent at the time of Payment then following entries will come:

1. Down Payment

Vendor Dr. 10000

Bank Cr. 7940

TDS Cr. 2060

2. Invoice

Rent Dr. 20000

Vendor cr. 20000

3. Clear Vendor Down Payment

Vendor Dr. 10000

Vendor(spl GL) cr. 10000

4. Payment

Bank Cr. 7940

Vendor Cr. 10000

TDS DR. 2060

Vendor Dr. 20000

TDS Cr. 4120

if u need any further clarification, let me know

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Answers (1)

Answers (1)

Former Member
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Hi Kumar,

1. Advance payment to Vendor

Vendor A/c Debit 10000

Bank Credit 10000

2 Goods receipt

Inventory Account Debit 25000

GRIR Account Credit 25000

3 Vendor Invoice Posting

GRIR Account Debit 25000

Vendor Account Credit 25000

4 Final Payment to Vendor

Vendor Account Debit 15000

Bank Account Credit 15000

In APP, Vendor will be cleared.

Hope this answers your question

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Velu Mudaliar

Former Member
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HI Thanks for your answer.

Actually I want TDS entries not normal transactios.