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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Answer / arun
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 ? | 36 Yes | 0 No |
Answer / chalapathi rao govada
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 ? | 22 Yes | 3 No |
Answer / shankar
Cash/Bank/Deposit 22500 Dr
Tds Receivable 7500 Dr
Bank Interest 30000 Cr
| Is This Answer Correct ? | 4 Yes | 1 No |
what do you mean by fixed asset?
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Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance in cash.pass necessary entry
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