The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.
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Answer Posted / sathya
Bank/Cash Ac Dr 5,22,500
TDS Receivable Ac Dr 2,500
To FD A/c 500,000
To Interest Received A/c 25,000
(Being FD Matured , TDS Deducted @ 10 % on Int.)
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