Provision

This query is : Resolved

Accounting Home Services (Querist)
Follow

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

CA Prithvi Raj

CA Prithvi Raj (Expert)
Follow

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.

Message likes : 1 times

Accounting Home Services

Accounting Home Services (Querist)
Follow

19 June 2014 exactly sir may be the diff amt is TDS

Thanks Sir,

Upgrade to CAclubindia Pro. Subscribe Now!