Fd interest calculation & accounting entry in tally

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amit ghodke (Querist)
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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 ?

Rupesh Jain

Rupesh Jain (Expert)
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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...

amit ghodke

amit ghodke (Querist)
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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 ?

amit ghodke

amit ghodke (Querist)
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11 June 2016 thanku sir for co-operate me

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