Accrued interest
This query is : Resolved
10 June 2010
Hi Sir,
Please say me what are the condition for passing entry (Accrud Interest)
Please give example for clearfication
Example
A person has made fd dt 26/9/2009 and maturity date is 27/7/10 for 13 months
Opening Dt Amt 25000.00
Maturity Dt Amt 26899.00
In FD Statement Bank shows 1410.00 interest is paid as on 31/3/2010.
What Entry Should I Pass:
FD Cretied: FD Dr Cash Cr
Interest Entry: Accrud Interest Dr Interest on FD Cr
OR
FD Dr Interest Cr.
Please Clear when we pass entry for Accrud Interest.
Thanks & Regards
Survesh
Please say me what are the condition for passing entry (Accrud Interest)
Please give example for clearfication
Example
A person has made fd dt 26/9/2009 and maturity date is 27/7/10 for 13 months
Opening Dt Amt 25000.00
Maturity Dt Amt 26899.00
In FD Statement Bank shows 1410.00 interest is paid as on 31/3/2010.
What Entry Should I Pass:
FD Cretied: FD Dr Cash Cr
Interest Entry: Accrud Interest Dr Interest on FD Cr
OR
FD Dr Interest Cr.
Please Clear when we pass entry for Accrud Interest.
Thanks & Regards
Survesh
10 June 2010
Accrued Interest on FD a/c Dr
to Interest A/c
Entry to be passed on 31.03.2010.
to Interest A/c
Entry to be passed on 31.03.2010.
10 June 2010
What should be the group Accrued interest and Interst ac
10 June 2010
Accrued Interest under loans & Advances
Interest income under income.
Interest income under income.
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