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Accrued Interest From GOI Bond received

This query is : Resolved 
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(Querist)
11 January 2023 While at the time of purchase i booked accrued interest GOI Bond

Accrued interest from Government of india bond received
whether it should be transferred to interest income
Bank A/c Dr . 250000
To Accrued interest from GOI Baond 2,25,000
To Interest received 25,000
Now accrued interest from GOI Bond received ,
whether should be transferred to Interest Income.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 January 2023 Yes, if not transferred to interest yearly.
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