Accrued interest
This query is : Resolved
18 July 2012
i want the accounting entry of interest accrued due and interest accrued but not
due in term loan and f.d?
due in term loan and f.d?
18 July 2012
For Term Loan:-
Interest Exp A/c Dr.
To Interest Accrued and due
To Interst Accrued but not due
For FD:-
Interest Accrued on FD Dr
To Interest Income
Interest Exp A/c Dr.
To Interest Accrued and due
To Interst Accrued but not due
For FD:-
Interest Accrued on FD Dr
To Interest Income
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