Journal entry for rd deposit

This query is : Resolved

Guest

Guest (Querist)

30 August 2011 Can any one tell me,what journal entry pass for RD(Recurring Deposit).[Journal entry pass in the books of Bank & Journal entry pass in the books RD depositor/customer]

U S Sharma

U S Sharma (Expert)
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30 August 2011 in the books of depositor

Bank (RD) a/c dr ......
to cash/bank ..............

Bank (RD) a/c dr ..........
to interest on RD ............

similer opposite a/c entry in bank books

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