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Accrued interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2010 Fixed Deposits Accrued Interest is covered under Current Assets or under Loans & Advances in Balance Sheet.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
17 April 2010 UNDER CURRENT ASSETS.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
17 April 2010 AGREED, UNDER CURRENT ASSETS
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
17 April 2010 Fixed Deposits Accrued Interest is covered under Current Assets.
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kartik_somu

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kartik_somu (Expert)
18 April 2010 agree with experts
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