Maharashtra state cooperative society act
This query is : Resolved
Sushant Panigrahi
(Querist)
07 January 2020
What will be the accounting treatment for Interest received on Deposit under Maharashtra state cooperative society act.
(Please note that interest received are required to be reinvested as per Maharashtra state cooperative society act)
(Please note that interest received are required to be reinvested as per Maharashtra state cooperative society act)
22 May 2020
You can show it as ACCRUED INTEREST in the books of accounts.
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