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

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

Journal Entry for Accrued Interest on FD after Income Tax TDS

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.

Journal Voucher Entry in TallyPrime

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

Now Voucher Entry for the above transaction is Complete.

 

Location: Cuttack, Odisha, India

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