Fixed deposits
This query is : Resolved
30 June 2014
Accounting treatment for FD , interest on it , And interest accrued( in previous year).
01 July 2014
on creation of fd
Dr.fixed deposit
Cr.bankA/c
on interest accrued
.
.
Cr.Interest
Dr.Interest accrued
.
.
on interest received
.
Cr.Interest accrued
Dr.TDS Receivable
Dr.BankA/c
Dr.fixed deposit
Cr.bankA/c
on interest accrued
.
.
Cr.Interest
Dr.Interest accrued
.
.
on interest received
.
Cr.Interest accrued
Dr.TDS Receivable
Dr.BankA/c
01 July 2014
FD as Bank balance or as investment
interest earned and accured intt also book as current year income.
at the end of the year accured intt show include in FDR amount.
interest earned and accured intt also book as current year income.
at the end of the year accured intt show include in FDR amount.
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