accounting entry in tally
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2010
please suggest tds entry in tally and accurd interest in tally for three year with reason
20 August 2010
Journal Entry will be made in each year
1st year
Intesrt Accured (Current Asset) Dr
To Interst Accured but not recd (Income)Cr
IInd Year
Intesrt Accured (Current Asset) Dr
To Interst Accured but not recd (Income)Cr
IIIrd YeAR iN WHICH YOU RECD INTERST ACCUTALY
BANK DR.
To INTERT ACCURED (cURRETN aSSET) (AMT 1ST pLUE 2ND yEAR)
To Intest Recd (Income )
1st year
Intesrt Accured (Current Asset) Dr
To Interst Accured but not recd (Income)Cr
IInd Year
Intesrt Accured (Current Asset) Dr
To Interst Accured but not recd (Income)Cr
IIIrd YeAR iN WHICH YOU RECD INTERST ACCUTALY
BANK DR.
To INTERT ACCURED (cURRETN aSSET) (AMT 1ST pLUE 2ND yEAR)
To Intest Recd (Income )
20 August 2010
Interest receivable Dr.
TDS on Interest Dr.
To Accrued Interest Cr.
Ideally the above should be the entry.
TDS on Interest Dr.
To Accrued Interest Cr.
Ideally the above should be the entry.
Message likes :
1 times
20 August 2010
INTERST ACCURED( CURRENT ASSET ) OR INTERST RECEIVABLE ACCOUNT THE SAME THING.
TDS MAY BE CONSIDERED IF DEDUCTED ANY.
TDS MAY BE CONSIDERED IF DEDUCTED ANY.
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