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Tally Entries

20 January 2021

Hello ,
My Self Fahim Shaikh

I have Short Query Regarding Tally Entries
Kindly help me out under which head the below entries will go

1-Int on Fd
2-Fd Principal Amt Redeem
3-Tds Deducted 2% on Cash Withdrawal

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2 Replies

Sonal (CA Final) (382 Points)
Replied 20 January 2021

1. Cash/Bank A/c. Dr To Interest (under Indirect Income) 2. Bank A/c. Dr.(Under Current Assets) To F.D. A/c.(Under Investments) 3. TDS A/c.Dr.(Current LIabilities) TO party A/c.(Debtors)

Sonal (CA Final) (382 Points)
Replied 20 January 2021

1. Cash/Bank A/c. Dr To Interest (under Indirect Income) 2. Bank A/c. Dr.(Under Current Assets) To F.D. A/c.(Under Investments) 3. TDS A/c.Dr.(Current LIabilities) TO party A/c.(Debtors)