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Query regarding Quarterly Interest Capitalization for FD prodcut 51A

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Dear Friends,

 

I have one query about the accounting entries for Quarterly interest capitalization of FD product 51A.

Here , we are investing in an FD.

 

Cash Flows for FD.png

Interest Capitalization TDS entries.png

 

 

Config of derived flow for TDS is as follows:-

Derived flows.png

 

The flows for 30.03.2015 for interest cap and TDS on it are as follows:-

 

Interest Capitalization:-

Dr. FD with bank

Cr. Interest on FD

 

TDS:-

Dr. Treasury Clearing Account (eventually hits bank account)

Cr. TDS receivable.

 

 

But for TDS, the entries should be other way round (reverse), right???

 

I am using standard Configurations, still I am getting  reverse entries for TDS on quarterly interest capitalization.

 

Entries for TDS should be as follows na?

Dr. TDS receivable

Cr. Treasury Clearing Account

 

 

 

Regards,

Rohan


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