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 / nagachandra pattar
Bank/Cash A/c Dr 522500
TDS Receivable A/c Dr 2500
To FD A/c 500000
To Interest A/c 25000
| Is This Answer Correct ? | 67 Yes | 9 No |
Answer / anil
FD DR. 522500
TDS DR. 2500
FD A/C CR. 500000
INTREST CR. 25000
(BEING FD MATURED AND DEDUCTION TDS AS PER IT RATES 10%
194A ON INTEREST)
| Is This Answer Correct ? | 38 Yes | 14 No |
Answer / chandu
Bank A/c......Dr 5,22,500.00
TDS Receivable A/c 2,500.00
to F.D. A/c.......5,00,000.00
to Interest (F.D.. 25,000.00
| Is This Answer Correct ? | 22 Yes | 2 No |
Answer / sathya
Bank/Cash Ac Dr 5,22,500
TDS Receivable Ac Dr 2,500
To FD A/c 500,000
To Interest Received A/c 25,000
(Being FD Matured , TDS Deducted @ 10 % on Int.)
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / damodar sharma
only journal entry should be:
FDR A/C DR 22500
TDS A/C DR 2500
TO INTEREST ON FDR 25000
(BEING INTEREST CHARGED ON MATURITY )
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / 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.)
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / robin goyal
Bank / Cash A/C ...... Dr. 5,22,500/-
T.D.S Receivable A/C ...... Dr. 2,500/-
To F.D A/C ....... 5,00,000/-
To Intt. A/C ..... 25,000/-
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sanjoy gharami
Bank / Cash A/c Dr. 522500/-
TDS Receivable A/c DR. 2500/-
To FD A/c Cr. 500000/-
To Interest Received A/c Cr. 25000/-
(Being Matured FD Amount transferred Cash / Bank A/c along
with Interest, TDS Deducted @ 10% thereon)
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / rabindra nayak
Bank A/c 5,22,500 Dr
TDS rec.A/c 2,500 Dr
FD A/c 5,00,000 Cr
Int.rec 25,000 Cr
| Is This Answer Correct ? | 3 Yes | 0 No |
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Audit 
