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The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.
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Answer Posted / anil
FD DR. 522500
TDS DR. 2500
FD A/C CR. 500000
INTREST CR. 25000
(BEING FD MATURED AND DEDUCTION TDS AS PER IT RATES 10%
194A ON INTEREST)
| Is This Answer Correct ? | 38 Yes | 14 No |
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