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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 / damodar sharma
only journal entry should be:
FDR A/C DR 22500
TDS A/C DR 2500
TO INTEREST ON FDR 25000
(BEING INTEREST CHARGED ON MATURITY )
| Is This Answer Correct ? | 12 Yes | 3 No |
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