BANK GUARANTEE DEPOSIT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2010
ON 15.03.2010 BANK GUARANTEE DEPOSIT OF RS.1,51,000/- FOR THE PERIOD FROM 15.03.2010 TO 15.03.2020. @ 7.5 % INT. P.A.
HOW I WILL PASS INTEREST ENTRY CLOSED ON 31.03.2010.
AND INTEREST ACCRUED A/C WHICH UNDER THE HEAR OF ACCOUNT
HOW I WILL PASS INTEREST ENTRY CLOSED ON 31.03.2010.
AND INTEREST ACCRUED A/C WHICH UNDER THE HEAR OF ACCOUNT
CMA Ramesh Krishnan
(Expert)
08 September 2010
Bank guarantee deposit is the Security deposit ,so Debit Deposit- BG a/c Cr:Bank
For interest, accural basis need to be passed
Dr: Accured Interest- SD a/c
Cr: Interest a/c
For interest, accural basis need to be passed
Dr: Accured Interest- SD a/c
Cr: Interest a/c
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