Write entry for interest receivable from bank Rs. 15000 TDS
2250.
Answer Posted / p. navaneetha krishnan
Hi,
1) If Interest receivable is inclusive of TDS (If u have /
confirm the TDS amount on this)then as follows.
Interest Receivable A/c. Dr. 12,750/-
TDS Receivable on Interest A/c. Dr. 2,250/-
Other Income (Interest Earned) - Rs.15,000/-
(Being Provision Entry for Interest Receivable)
2) If u don't have break-up for TDS on Interst Receivable
then,
Interest Receivable A/c. Dr. 15,000/-
Other Income (Interest Earned) - Rs.15,000/-
| Is This Answer Correct ? | 8 Yes | 2 No |
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