Our company deposited an amount of 20000 as FD . After the
maturity period we are not received any interest and the
bank deducted 2938 amount as TDS from our interest and added
the interest to the principle amount and renewed the FD.
then what is the journal entry for the same.
- 2 Answers
- 3464 Views
- Spice Telecom, I also Faced
- E-Mail Answers
Answer Posted / madhukar nimbalkar
first you have to inform to bank we have not any amount
credited in our fd account of interest and you deduct tds
from bank interest which is not credited to our account so
you request to your bank in writing please credit our fd
interest then you can decide what should be entry in journal
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
can any one send me tally professional version link
give 3 reasons why capital is referred to as a special liability
What do you mean by ledger posting?
what is the nature of profit and loss approprition account.which entity prepare this.
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
what is the difference between accounting and bookkeeping?
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
discuss seperate determination concept
What does an accurate trial balance suggest?
how to prost entry for purchases with a bill
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
What are the disadvantages of double entry system?
Tell me did you use accounting applications at your previous companies or prefer working manually?
SHADOW BALANCE SHEET
Do you know what is project implementation?
