Bank give some interest on deposit less tds what is the general entry for this?

Bank give some interest on deposit less tds what is the
general entry for this?

Question Posted / lokesh khintolia

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Bank give some interest on deposit less tds what is the general entry for this?..

Answer / avantika

Bank a/c Dr.
Tds Payable a/c Dr.
To Interest on deposit a/c

Is This Answer Correct ?

4 Yes

0 No

Bank give some interest on deposit less tds what is the general entry for this?..

Answer / sourabh

first
interst exp dr 100
saurabh Cr 100

Second
Saurabh Dr 100
bank Cr 90
tds payable Cr 10

Third
tds payable dr 10
bank cr 10

Is This Answer Correct ?

5 Yes

2 No

Bank give some interest on deposit less tds what is the general entry for this?..

Answer / shiva

Hiiii avanthika. y gave correct answer. keep it u.

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0 No

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