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Write entry for interest receivable from bank Rs. 15000 TDS
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Answer Posted / tushar
When Interest Income arise;
Interest Receivable A/c Dr. (FOR Interest Amount)
To Interest (Income) A/C
When Cash received
Bank A/C Dr. Amount Received
TDS Recoverable A/C Dr TDS amount
To Interest Receivable A/c (FOR Interest Amount)
For provision only
Interest Receivable A/c Dr.
To Interest (Income) A/C
for TDS
TDS Recoverable A/C Dr
To Interest Receivable A/c
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