Entry of provision of "fd interest"
This query is : Resolved
20 May 2015
HELLO,
date 18.2.15 Rs. 50,00,000/- FD MADE
Principle amt Rs. 50,00,000/-
Interest 8.25%
period =91 days
Maturity date 20.5.15
bt i want to make provision of "FD INTEREST" as on 31.3.15
how will i pass the entry as on 31.03.15
date 18.2.15 Rs. 50,00,000/- FD MADE
Principle amt Rs. 50,00,000/-
Interest 8.25%
period =91 days
Maturity date 20.5.15
bt i want to make provision of "FD INTEREST" as on 31.3.15
how will i pass the entry as on 31.03.15
20 May 2015
Provisional entry on 31.3.2015 will be,
FD A/c. Dr. XXX
To Interest income
(narration: Entry passed for interest accrued from 18.2.15 to 31.3.15)
FD A/c. Dr. XXX
To Interest income
(narration: Entry passed for interest accrued from 18.2.15 to 31.3.15)
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