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Journal entry of fixed deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2017 How to make journal entry of FDS and accrued interest on FRD on 31 st march. if FD make rs. 5, 00,000/- and interest on FDR is rs. 15,000/- then how to make journal entry and interest accrued on 31st march.
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CA Gopal Somani

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CA Gopal Somani (Expert)
28 March 2017 If interest is getting accumulated -

FDR A/C dr
To Interest on FD

If interest is getting credited in bank account -

Bank a/c dr
To interest on Fdr

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