Journal entry of fixed deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2017
How to make journal entry of FDS and accrued interest on FRD on 31 st march. if FD make rs. 5, 00,000/- and interest on FDR is rs. 15,000/- then how to make journal entry and interest accrued on 31st march.
28 March 2017
If interest is getting accumulated -
FDR A/C dr
To Interest on FD
If interest is getting credited in bank account -
Bank a/c dr
To interest on Fdr
FDR A/C dr
To Interest on FD
If interest is getting credited in bank account -
Bank a/c dr
To interest on Fdr
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