TDS

This query is : Resolved

Supriya Dalvi (Querist)
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24 September 2010 Accrued Int Rs.23379/- as on 30.09.09, tds deducted by bank Rs.2338/- as on 31st mar. how to pass entry in book??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 September 2010 on 31st march---

Accrued Interest A/c Dr....(Current Assets) Rs 21041
TDS Receivable A/c Dr..... (Current Assets) Rs 2338
TO Interest Accrued but not received(Indirect Income) Rs 23379

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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24 September 2010 TDS recoverable Dr. 21041/-
(Current Asset)

Interest receivable Dr. 2338/-
(Current Asset)

To Interest accrued but not recd. Cr 23379/-
(Indirect Income)

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 September 2010 Subhash Ji TDS recoverable will be Rs 2338.
Please check.