FD Interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2011 Hi,

we have received interest on FD & Bank deduct the TDS on interest.

what entry will be made??

interest should be added to the total amount of FD

please reply soon

18 June 2011 Entry...

ICICI Bank FD A/c Dr....10000
To Interest A/c......10000


TDS Receivable A/c Dr....1000
To ICIC Bank FD A/c .....1000

Alternatively....

ICICI Bank FD A/c Dr....9000
TDS Receivable A/c Dr....1000
To Interest A/c......10000


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