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Maharashtra state cooperative society act

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(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)
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
22 May 2020 You can show it as ACCRUED INTEREST in the books of accounts.
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