Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.248 of Practice Sheet-12, Journal Voucher No.2

Practice Sheet - 12 (Transactions for the month of March' 2022)

TRIMURTHY TRADERS

(Prop : Mr. Surya Krishnamurthy)

Financial Year : 2021-22(April' 2021 to March' 2022)

Assessment Year : 2022-23(April' 2022 to March' 2023)

Date : 31/03/2022 (Transaction No. 248)

₹6,750/- credited by Axis Bank to Fixed Deposit A/c towards interest on FD after ITDS(Income Tax Deducted at Source) for ₹750/-.

Journal Entry

Let's see how to enter the above transaction in TallyPrime.

Steps to enter in TallyPrime.

Go to Voucher Entry Screen

Press 'F7' or click on 'F7:Journal'

Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction.

Create Ledger Name 'Interest on FD A/c' under group 'Indirect Income'

Create Ledger Name 'TDS A/c' under group 'Current Assets'

Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below.

Press 'Ctrl+A' to Accept/Save Voucher.

Now Voucher Entry for the above transaction is Complete.

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