banner_ad

Accounting of accrued interest on fd

This query is : Resolved 

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/-

23 November 2017 Dear Vivek,

Your accounting treatment is perfectly right. You can pass the above entry as on 30th September 2017


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details