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(Querist)
13 July 2015 Interest on Fixed deposit of rs. 30000/- received from the bank. TDS is 7500/-deducted by bank. what will be the entry
in company books?
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B.COM, ACA, DISA Namrata

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B.COM, ACA, DISA Namrata (Expert)
13 July 2015 Bank a/c Dr 22500
Tds receivable / advance tax Dr 7500
To interest received 30000

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