Fd interest


This query is : Resolved 

18 April 2012 Hi, I want to make entries in tally erp9 for the interested transferred to SB a/c. how can i pass the entry for the transaction?? also i want to know the entry for FD redemption ...

18 April 2012 Credit Bank Acc

Debit FD Acc

18 April 2012 Disagree with expert.
SB A/c Dr
To Interest Income A/c
(If interest income not debited to FD A/c)
If interest income already debited to FD A/c, then
SB A/c Dr
To FD A/c

18 April 2012 Thanks a lot !


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