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Provision

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(Querist)
19 June 2014 Dear Sir,

We Made Provision of Interest Receivable on Water Deposit Rs. 17359/- in FY 13-14
But actual interest revived us Rs. 15624/-
in FY 14-15

How to pass Diff Amt JV, Rs.1735/-

Pls Advice
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CA Prithvi Raj

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CA Prithvi Raj (Expert)
19 June 2014 Hello Girish,

It seems that the difference amt is TDS deducted.(i.e. 17359*10% = 1735)
Just confirm the same, if it is TDS than book TDS in books and provide full interest, otherwise reverse the entry with difference amt.
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Accounting Home Services

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Accounting Home Services (Querist)
19 June 2014 exactly sir may be the diff amt is TDS

Thanks Sir,
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