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The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.

Answer Posted / anil

FD DR. 522500
TDS DR. 2500

FD A/C CR. 500000
INTREST CR. 25000

(BEING FD MATURED AND DEDUCTION TDS AS PER IT RATES 10%
194A ON INTEREST)

Is This Answer Correct ?    38 Yes 14 No



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