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Our company deposited an amount of 20000 as FD . After the
maturity period we are not received any interest and the
bank deducted 2938 amount as TDS from our interest and added
the interest to the principle amount and renewed the FD.
then what is the journal entry for the same.

Question Posted / deepika

Answer Posted / deepika

Tds receivable -2938
To interest on fd received-2938

Is This Answer Correct ?    1 Yes 0 No



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