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
|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|
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