The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.
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Answer Posted / sujit jha
BANK A/C. DR. 522500
T.D.S. RECEIVABLE A/C. DR. 2500
TO F.D. A/C. 500000
TO INTEREST ON F.D. A/C. 25000
(BEING F.D. MATURED AND T.D.S DEDUCTED ON INTEREST ON F.D.)
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