Accounts quarry..........
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2014
Sir please tell me
what is the journal entry for receiving of Fixed Deposit with interest.
what is the journal entry for receiving of Fixed Deposit with interest.
23 May 2014
The entry will be :
1. If TDS is there:
Bank Account A/c -Dr TOTAL AMT-TDS
TDS Receivable A/c -Dr TDS Amt
To. Fixed Deposit Amt as in the Bal Sheet
To. Interest of FD A/c Interest for the current period
2. If no TDS:
Bank Account A/c -Dr TOTAL AMT-TDS
To. Fixed Deposit Amt as in the Bal Sheet
To. Interest of FD A/c Interest for the current period
1. If TDS is there:
Bank Account A/c -Dr TOTAL AMT-TDS
TDS Receivable A/c -Dr TDS Amt
To. Fixed Deposit Amt as in the Bal Sheet
To. Interest of FD A/c Interest for the current period
2. If no TDS:
Bank Account A/c -Dr TOTAL AMT-TDS
To. Fixed Deposit Amt as in the Bal Sheet
To. Interest of FD A/c Interest for the current period
Message likes :
1 times
23 May 2014
if you recd 109000 after tds (gross 100000+10000intt)
bank a/c 109000
TDS receivable a/c dr 1000
to FDR a/c 100000
to Intt recd. on FDR 10000
bank a/c 109000
TDS receivable a/c dr 1000
to FDR a/c 100000
to Intt recd. on FDR 10000
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
