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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



Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please..

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

Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please..

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

Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please..

Answer / s. mahesh

Bank A/c Dr. Rs.2,2500.00
Tds Receivable(Certifiate) a/c. Dr. 7500.00
To Intrest Received on bank deposit a/c 30000.00

Is This Answer Correct ?    11 Yes 0 No

Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please..

Answer / shankar

Cash/Bank/Deposit 22500 Dr

Tds Receivable 7500 Dr


Bank Interest 30000 Cr

Is This Answer Correct ?    4 Yes 1 No

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