Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is dedu

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Question

Interest of Rs.30000/- is received from deposits Tds of Rs 
7500/- is deducted by the bank 
please pass the necessary entry for the same

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Re: Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same

Answer
# 1

Cash A/C                         Dr   22500
TDS A/C                          Dr    7500
     To Interest on Bank deposit A/C          30000

( Being interest received on Bank 
Depost and TDS is deducted)

Is This Answer Correct ?

5 Yes

1 No

Chalapathi Rao Govada

Re: Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same

Answer
# 2

Bank a/c Dr                   22500.00
TDS on intrest a/c Dr.         7500.00
To Intrest on bank deposit a/c            30000.00

Being Intrest recd from bank on deposit and TDS deduct by 
the Bank)

Is This Answer Correct ?

6 Yes

0 No

Arun

Re: Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same

Answer
# 3

Bank A/c                        Dr. Rs.2,2500.00
Tds Receivable(Certifiate) a/c. Dr.      7500.00 
To Intrest Received on bank deposit a/c            30000.00

Is This Answer Correct ?

3 Yes

0 No

S. Mahesh

Re: Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same

Answer
# 4

Cash/Bank/Deposit  22500 Dr

Tds Receivable      7500 Dr


Bank Interest      30000 Cr

Is This Answer Correct ?

1 Yes

0 No

Shankar

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