Accounting entries for ppf
This query is : Resolved
26 March 2013
SIR,
PLEASE TELL ME WHAT WILL BE ACCOUTIng ENTRIES
FOR AMOUNT INVESTED IN PPF.
WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL ACCRUE ON PPF.
WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL BE ACTUALLY RECEIVED .
&
WHAT WILL BE THE ACCOUNTING ENTRY WHEN THE PPF WILL BE MATURE.
PLEASE EXPLAIN IT IN DETAIL
PLEASE TELL ME WHAT WILL BE ACCOUTIng ENTRIES
FOR AMOUNT INVESTED IN PPF.
WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL ACCRUE ON PPF.
WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL BE ACTUALLY RECEIVED .
&
WHAT WILL BE THE ACCOUNTING ENTRY WHEN THE PPF WILL BE MATURE.
PLEASE EXPLAIN IT IN DETAIL
26 March 2013
While accrual
Dr: Provident fund a/c
Cr: Salary Income a/c
Interest received
Dr: Provident fund a/c
Cr: Interest Income a/c
While maturity
Dr: Bank
Cr: Provident fund a/c
Dr: Provident fund a/c
Cr: Salary Income a/c
Interest received
Dr: Provident fund a/c
Cr: Interest Income a/c
While maturity
Dr: Bank
Cr: Provident fund a/c
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