How to pass an entry for interest on FD which have not taken since 2014-15. We have received interest from 2014-15 but that does not accounted as Also TDS. How do I pas an entry in Tally to account that in the current year.
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How to pass an entry for interest on fd which have not taken since 2014-15
Replies (2)
Book interest as current year income.
Debit Interest receivable for 2014-15 account
and credit Creditpr/financial institution account
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