Journal entry
This query is : Resolved
Guest
Guest
(Querist)
30 August 2011
Can any one tell me,what journal entry pass for MIS (monthly income scheme) deposit, e.g.Rs:50000 deposit in MIS plan for 3 yrs and Rs:1000 receive in every month up to 3yrs & Rs:55000 receive after 3yrs[Journal entry pass in the books of Bank and Journal entry in the books of MIS depositor/customer]
....... X .......
....... X .......
30 August 2011
Monthly Income Scheme deposit a/c dr 50000
to cash bank a/c 50000
cash/bank a/c dr 1000
to interest on MIS 1000
cash / bank a/c dr 55000
to Monthly income scheme deposit a/c 50000
to bonus on MIS 5000
to cash bank a/c 50000
cash/bank a/c dr 1000
to interest on MIS 1000
cash / bank a/c dr 55000
to Monthly income scheme deposit a/c 50000
to bonus on MIS 5000
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