What is accounting double entry when a company have to pay withholding tax on debenture interest paid?

In accounting, the double-entry system requires that every financial transaction affects at least two accounts. When a company pays withholding tax on debenture interest, it would record the interest expense in the interest expense account and create a liability for the withholding tax in the liability account. The payment of the tax reduces the cash account, completing the double-entry with a debit to the tax liability and a credit to cash. This ensures the accounting equation remains balanced.