Fd treatment in balance sheet
This query is : Resolved
GURUPADA DUTTA
(Querist)
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.
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
(Expert)
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
(Querist)
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
Thanks with regards
I need your help
Ashiwini Ballodia
(Expert)
24 June 2018
You might be adjusted FD with capital account, so kindly adjust the FD with Capital account again
GURUPADA DUTTA
(Querist)
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
(Expert)
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)
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
(Querist)
24 June 2018
Thanks a lot it will help me to solve many problems like this
Ashiwini Ballodia
(Expert)
24 June 2018
Most Welcome Guru pada Ji
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