Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 4580 Views
- Spice Telecom, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
Answer / deepika
Tds receivable -2938
To interest on fd received-2938
| Is This Answer Correct ? | 1 Yes | 0 No |
Tell me how can you explain the basic accounting equation?
WHAT IS MONTH END CLOSING? AND WHAT YOU DO IN MONTH END CLOSSING PROCESS?
What will be the Journal entry for these transaction- Sold goods costing Rs.20,000 for Rs.30,000 on cash
How many types of inventories are there for a company ?
What are mis reports?
The following figures relate to the trading activities of M/s ABC Traders Ltd for the year ending 31 March 2004. Particulars Amount (Rs) Sales 5,20,000 Opening stock 76,250 Purchases 3,22,250 Closing stock 98,500 Sales return 20,000 Selling and Distribution Expenses Salaries 15,300 Advertising 4,700 Travelling 2,000 Administrative Expenses Salaries 27,000 Rent 2,700 Stationery 2,500 Depreciation 9,300 Other charges 16,500 Provision for tax 4,000 Non Operating Income Dividend on shares 9,000 Profit on sales of shares 3,000 Non Operating Expenses Loss on sale of fixed asset 4,000 You are required to: (i) Arrange the above figures in a form suitable for analysis. (ii) Show separately the following ratios. Net profit ratio Operating ratio Stock turnover ratio
What are mis reports and how do you prepare it?
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
what is accounts?
An estimate of assets and liabilities on a given date a)Balance sheet b)statement of affairs c)statement of assets d) statement of liabilities
what is depriciation?explain all methods of depriciation?and give more dwtais about depriciation?
1. what is the general Percentage in india (%) of Deprication for Furniture, building Other Assests like Company Car, and COmputer and Airconditioner etc., Waiting for Answers
Audit 
