22 November 2017
I just wanted to Know whether We can pass Accrued Interest on 30th Sept to give correct view of Half yearly Balance sheet & Profit & Loss Account for below transaction. If FD of Rs. 5,00,000/- is Created @ 6% interest on 5th April 2017 for 180 days which matures on 5th Oct 2017. Interest till Sept is Rs. 14384/- . And Interest till 5th Oct is 14795/-. TDS will be deducted on 5th oct 2017. 1)Accrued Interest on FD (current Asset) .... Rs. 14384/- To Interest Received on Fd..... 14384/-
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