Fd and sb interest for bank
This query is : Open
Kollipara Sundaraiah
(Querist)
09 October 2020
I.t . Assess interest received (rs:5505+35,215) sb and fd from bank.this amounts Assess p and l account credit or capital account credit is correct method.
Sagar Patel
(Expert)
10 October 2020
P&L Account is required in case of business concern. All the income and expenses of individual required to be posted in Capital Account only
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