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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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