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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 / shankar
Cash/Bank/Deposit 22500 Dr
Tds Receivable 7500 Dr
Bank Interest 30000 Cr
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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
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