Fdr calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2013
a fdr is invested on 10/11/2011 for 200000at 9.4% int. compounded quarterly with maturity value of 240842 on 10/11/2013. what is the int accrued for f.y 2012-13
CA Parul Saxena
(Expert)
29 June 2013
Interest from November 2011 to March 2012 has already been recorded as accrued interest in financial year 2011-12. Now Interest from november 2012 to march 2013 would be recorded as accrued interest for the financial year 2012-13.
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