Interest from fixed deposit on lien
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2017
Dear Experts,
Kindly clarify whether interest on fixed deposit which are kept on lien for credit card purposes can be recognised as income in the financial statements. if it cannot be recognised how it should be disclosed? Kindly help.
Kindly clarify whether interest on fixed deposit which are kept on lien for credit card purposes can be recognised as income in the financial statements. if it cannot be recognised how it should be disclosed? Kindly help.
06 February 2017
It can be recognized as income in the financial statements.
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