The Bank FD matured. The amount was Rs.500000, Interest was Rs.25000, The TDS

The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.

Question Posted / ngpattar

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The Bank FD matured. The amount was Rs.500000, Interest was Rs.25000, The TDS was 10%, What is Jou..

Answer / anand chauhan

BANK A/C DR. 450,000
TDS RECEIVABLE A/C DR. 50,000

TO, FIXED DEPOSIT A/C 475,000
TO, INTEREST RECEIVED A/C 25,000

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