Interest Accrued on Fixed Deposit
This query is : Resolved
Ramesh Reddy
(Querist)
21 August 2010
Interest accrued on FD in a year
whether this has to add to Principle amount of FD or it should keep only on interest accrued.
kindly let me know in detailed about this
T&R
Ramesh Reddy
whether this has to add to Principle amount of FD or it should keep only on interest accrued.
kindly let me know in detailed about this
T&R
Ramesh Reddy
CMA Ramesh Krishnan
(Expert)
21 August 2010
You need to keep separate account called Interest accured on FD. need no added to principle amount
21 August 2010
Interest accrued to be accounted separately.
PANKAJ KHURANA
(Expert)
21 August 2010
Interest accrued can be added to the FD amount or can be accounted separately under Interest accrued account.
Second one is best to control.
Second one is best to control.
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