Fd interest calculation & accounting entry in tally
This query is : Resolved
amit ghodke
(Querist)
07 June 2016
Dear Sir /Madam
how to calculate FD bank interest & accounting treatment in balance sheet & P/L & what is bank interest entry, Bank interest certificate needed for accounting ?
how to calculate FD bank interest & accounting treatment in balance sheet & P/L & what is bank interest entry, Bank interest certificate needed for accounting ?
Rupesh Jain
(Expert)
07 June 2016
you can calculate the intt according to the rate intt on the FDR there may possible, you have diff-2 rate of intt FDR.
intt. accured show in B/S and intt. income in P/L a/c
interest certificate required for verification of intt,. booked by you and intt given by the bank. also for closing bal. of intt. accured but not due as on 31.3.2...
intt. accured show in B/S and intt. income in P/L a/c
interest certificate required for verification of intt,. booked by you and intt given by the bank. also for closing bal. of intt. accured but not due as on 31.3.2...
amit ghodke
(Querist)
11 June 2016
suppose fd is mature but not received & that fd directly convert other fd ( int is not received in bank)
what is entry passed by accountant ?
what is entry passed by accountant ?
amit ghodke
(Querist)
11 June 2016
thanku sir for co-operate me
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