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Interest of Rs.30000/- is received from deposits Tds of Rs
7500/- is deducted by the bank
please pass the necessary entry for the same
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Answer Posted / arun
Bank a/c Dr 22500.00
TDS on intrest a/c Dr. 7500.00
To Intrest on bank deposit a/c 30000.00
Being Intrest recd from bank on deposit and TDS deduct by
the Bank)
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