Interest of Rs.30000/- is received from deposits Tds of Rs
7500/- is deducted by the bank
please pass the necessary entry for the same
Answers were Sorted based on User's Feedback
Answer / arun
Bank a/c Dr 22500.00
TDS on intrest a/c Dr. 7500.00
To Intrest on bank deposit a/c 30000.00
Being Intrest recd from bank on deposit and TDS deduct by
the Bank)
Is This Answer Correct ? | 36 Yes | 0 No |
Answer / chalapathi rao govada
Cash A/C Dr 22500
TDS A/C Dr 7500
To Interest on Bank deposit A/C 30000
( Being interest received on Bank
Depost and TDS is deducted)
Is This Answer Correct ? | 22 Yes | 3 No |
Answer / shankar
Cash/Bank/Deposit 22500 Dr
Tds Receivable 7500 Dr
Bank Interest 30000 Cr
Is This Answer Correct ? | 4 Yes | 1 No |
Profit is a asset or liability to the company....? If is it a asset or liability....how it is....?
Explain Cash Basis of accounting
A company is Listing in EU (Europian Union) Controlled stock exchange ? will IFRS are mandatory ? if you answer will differ if Subsidary of US based company Listing in EU (Europian Union) Controlled stock exchange?
2. Contingent liabilities should be recorded in the books when; a) It is probable that the future events will occur b) The amount of the liability can be reasonable estimated. c) Both (a) and (b) d) Either (a) or (b)
2 Answers FactSet Systems, India Infoline,
What is Provision for expenses?
i received cheque from the customer and deposited in bank please tell me the both entries in tally
2 Answers Shivani Agriculture,
please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to employee
6 Answers Morgan Stanley, Tops Technologies,
WHY PROFIT & LOSS A/C, WHY NOT PROFIT & LOSS A/C
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS RESPECTIVELY.
Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April
In case of Bad Debt such amount should be credited to 1.Cash account 2.Debtors account 3.Sales account