Provision for interest on fixed deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2013
whether such treatment in the books of accounts is correct?
please provide the answer with the related entries as soon as possible.
please provide the answer with the related entries as soon as possible.
26 June 2013
YES AS PER ACCURAL METHOD OF ACCOUNTING YOU HAVE TO PROVIDE INTT . ACCURED BUT NOT DUE ON 31.3.2013
ON 31.3.2013
ACCURED INTT ON FDR
TO INTT.RECD ON FDR
ON MATURTY
BANK
TDS ON FDR
TO INTT ON FDR
TO ACCURED INTT ON FDR
TO FD A/C
ON 31.3.2013
ACCURED INTT ON FDR
TO INTT.RECD ON FDR
ON MATURTY
BANK
TDS ON FDR
TO INTT ON FDR
TO ACCURED INTT ON FDR
TO FD A/C
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