Fixed deposit made rs100000, after maturity bank gave interest rs20000

Accounts Tax GST

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Fixed deposit made rs100000, after maturity bank gave interest rs20000 and deducted tds @10%on interest. What will be the entry.

Jan. 19, 2018, 2:40 p.m.

Answers!

Chandrababu Veerapaneni

March 2, 2018, 11:42 p.m.

CASH A/C DR -1,00,000.00

INTEREST A/C DR - 18,000.00

TDS RECEIVABLE A/C DR - 2,000.00

TO BANK A/C 1,20,000.00

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