Accrued interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2010
Fixed Deposits Accrued Interest is covered under Current Assets or under Loans & Advances in Balance Sheet.
17 April 2010
UNDER CURRENT ASSETS.
17 April 2010
Schedule V1 is silent on this issue. But as per my understanding it should be shown in current assets under the head bank balances.
17 April 2010
AGREED, UNDER CURRENT ASSETS
17 April 2010
Fixed Deposits Accrued Interest is covered under Current Assets.
18 April 2010
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