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Accounting Treatment on Bank Interest

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14 July 2008 Bank Had credited our account with interest twice on 31.03.2008, which was reversed on 01.04.2008, what will be the accounting treatment as interest received will be shown in books.
1)Should i show the interest amount as per bank or i should treat it as an extraordinary items as per AS 5
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
14 July 2008 You have to consider once only and ignore the other as an ousstanding entry of Bank Reconciliation Statement which will be cleared against the reversal entry passed by the bank in the next year.
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