Journal enteries of Accruel Bank Interest
This query is : Resolved
Sunil Verma
(Querist)
02 December 2010
Please Sir define journal enteries of Accruel Bank Interest.
02 December 2010
jounal entry for accruel interest
Interest Receivable A/c ( current asset)
To
Interest income (indirect income)
Interest Receivable A/c ( current asset)
To
Interest income (indirect income)
CA Apurav Agawal
(Expert)
03 December 2010
At the time of booking of interest.
Accrued Interest A/c (CA)
TDS Receivable A/c
To Interest (Inc)
At the time of Receipt of Interest
Bank A/c
To Accrued Interest A/c
Accrued Interest A/c (CA)
TDS Receivable A/c
To Interest (Inc)
At the time of Receipt of Interest
Bank A/c
To Accrued Interest A/c
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