accounting entry in tally

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Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2010 please suggest tds entry in tally and accurd interest in tally for three year with reason

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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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 )

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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20 August 2010 Interest receivable Dr.

TDS on Interest Dr.

To Accrued Interest Cr.

Ideally the above should be the entry.

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CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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20 August 2010 INTERST ACCURED( CURRENT ASSET ) OR INTERST RECEIVABLE ACCOUNT THE SAME THING.

TDS MAY BE CONSIDERED IF DEDUCTED ANY.

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