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
Aditya Maheshwari
(Expert)
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.
Aditya Maheshwari
(Expert)
10 June 2010
Accrued Interest under loans & Advances
Interest income under income.
Interest income under income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- IMS (import of goods) ITC related
- Royalty payments to the Mining Department for procurement of murum - GST input
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
