Fd treatment in balance sheet

This query is : Resolved

GURUPADA DUTTA (Querist)
Follow

23 June 2018 I have made a FD on 24.06.2013 with sbi for 5yrs.
By mistake it can't show in the F.Y.2016-17 balance sheet.
How to show this in F.Y. 2017-18 balance sheet.
Pls guide me.

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
Follow

23 June 2018 Did you submit your balance sheet anywhere? As per me option left with you that check last year entry for removal of FD, pass the reversal entry now. It may be adjusted with capital or reserve

GURUPADA DUTTA

GURUPADA DUTTA (Querist)
Follow

23 June 2018 I have filed itr 4 in the A.Y. 2017-18 . But in the A.Y. 2018-19 the mistake has been arise and need to be disclose in the balance sheet. What entry should I post in the balance sheet so that next A.Y. i.e. 2019-2020 the maturity value should be shown in the balance sheet as well as in Bank pass book
Thanks with regards
I need your help

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
Follow

24 June 2018 You might be adjusted FD with capital account, so kindly adjust the FD with Capital account again

GURUPADA DUTTA

GURUPADA DUTTA (Querist)
Follow

24 June 2018 What should journal entry do I pass in 31.03.18 and in the time of maturity I.e.24.06.2018

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
Follow

24 June 2018 On 31/03/2018
Fd a/c Dr
To capital a/c

On maturity
Bank a/c Dr
To FD
To Interest
To accrued interest (if any)

GURUPADA DUTTA

GURUPADA DUTTA (Querist)
Follow

24 June 2018 Thanks a lot it will help me to solve many problems like this