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Journal entry of interest due on fd


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2012 TDS already deducted by bank Rs 10/-
TDS a/c dr 10
Bank a/c 10
Total Int. Rs 100/-
Int receivable Rs 90/-
Please let me know what would be due entry of above mentioned case.

23 June 2012 Accrued Interest A/c Dr 90
TDS Receivable A/c Dr 10
To Interest A/c 100

06 December 2013 THEN WHEN INTEREST RECD.
BANK A/C DR 90
TO ACCURED INTEREST A/C 90

AND THE 10 RS. OF TDS ADJUST WITH YOUR IT RETURN IN COMPUTATION


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