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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.

Answer Posted / chandu

Bank A/c......Dr 5,22,500.00
TDS Receivable A/c 2,500.00
to F.D. A/c.......5,00,000.00
to Interest (F.D.. 25,000.00

Is This Answer Correct ?    22 Yes 2 No



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