Fixed deposit
Querist : Anonymous
entry for interest is same whether for reinvested or otherwise....if it is income..interest account is to be credited and if it is expenses, interest account is to be debited.
Querist : Anonymous
total FD Amt 1100 and TDS on interest
DR FD A/C 90
DR TDS A/c 10
CR Interest on FD 100
IS it correct
Please tell me why are using the word REINVESTED......i think that is creating confusion.
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