Our company deposited an amount of 20000 as FD . After the
maturity period we are not received any interest and the
bank deducted 2938 amount as TDS from our interest and added
the interest to the principle amount and renewed the FD.
then what is the journal entry for the same.

Answers were Sorted based on User's Feedback



Our company deposited an amount of 20000 as FD . After the maturity period we are not received any..

Answer / madhukar nimbalkar

first you have to inform to bank we have not any amount
credited in our fd account of interest and you deduct tds
from bank interest which is not credited to our account so
you request to your bank in writing please credit our fd
interest then you can decide what should be entry in journal

Is This Answer Correct ?    2 Yes 1 No

Our company deposited an amount of 20000 as FD . After the maturity period we are not received any..

Answer / deepika

Tds receivable -2938
To interest on fd received-2938

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Does paid up capital include Advace against Capital or Calls in Advance for calculating Networth of A company

0 Answers  


main features of different sources of short-term finance ?

1 Answers  


if issue the share capital what is entry pass the journal

5 Answers  


journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio

3 Answers  


Calculate the total Depreciation for four or five Years so give example?

1 Answers   EDS,






formula for capital turnover ratio

5 Answers   Wipro,


Principles of accounting

4 Answers   Bank Of America, Genpact,


Tell me what is reversing journal entries?

0 Answers  


what is journal entry for cash received

11 Answers  


What is menat by INVOICE?

3 Answers  


i need to know the questions which are asked in the operational round in dell for finance and accounting process,.,

2 Answers  


Vendor A/c Dr To Purchases A/c Cr In an entry what "TO"(Near Purchase) means or stands for or used for or from which accounting angle we have to use.

4 Answers  


Categories