Write entry for interest receivable from bank Rs. 15000 TDS
2250.
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Answer / soundar
Interest Receivable a/c 12750 DR
Advance tax - TDS a/c 2250 DR
To Interest Receivable a/c 15000 CR
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / srikant barick
Interest receivable a/c 12750.00 (Dr)
Tds input 2250.00 (Dr)
Interest received a/c 15000.00 (Cr)
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / tushar
When Interest Income arise;
Interest Receivable A/c Dr. (FOR Interest Amount)
To Interest (Income) A/C
When Cash received
Bank A/C Dr. Amount Received
TDS Recoverable A/C Dr TDS amount
To Interest Receivable A/c (FOR Interest Amount)
For provision only
Interest Receivable A/c Dr.
To Interest (Income) A/C
for TDS
TDS Recoverable A/C Dr
To Interest Receivable A/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dfdsfas
Intrest receiable Dr. 15000 (Current Assesst)
TDS on Interest Dr 2250 (Current Assesst)
TO O/S Interest from Bank Cr 17500 ( Income in P&L account)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sakthivelan
Bank A/c Dr. 13500
Adv. Income Tax A/c Dr. 1500
To Interest (Income) A/c 15000
Note:
1. Percentage of TDS on bank interest is 10%
2. TDS deducted on our receipt can be a/cted under Advance
Income Tax A/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pavan
Bank a/c dr
Intrest receviable a/c
TDs receivable a/c
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / arvind singh mobile 9990759908
PARTY A/C DR 12750
TDS DED A/C DR 2250
TO COMMISION 15000
WHEN WE RECEVED BANK ENTER
BANK AC DR 12750
TO PARTY AC 12750
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / vikas gupta
Bank A/c Dr 15000/-
to, Interest 12500/-
to, Tds receivable 2500/-
(Because Interest is a nominal A/c. therefore its come in a
credit side as per nominal a/c.
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / shiwani vaishnav
To Interest Receivable a/c Rs.15,000/-
By Tds a/c Rs. 2,250/-
By Bank/Cash a/c Rs. 12,750/-
Being interest received for the F.Y ......... on so and so
a/c.
| Is This Answer Correct ? | 6 Yes | 9 No |
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