Sir recurring deposite in tally in which head.

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Ashim kr Ray (Querist)
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23 September 2017 Sir,

Recurring deposite in tally comes under which head investment or bank.
And how to pass the entry in tally Interest received from Recurring deposit.
Please guide me.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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23 September 2017 RD shown in Deposits head..... Capital A/c To Interest on RD......

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Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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23 September 2017 RD to be classified in investment/Deposit account & Entry for interest will be RD A/C DR To Interest on RD

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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23 September 2017 Agreed with CA Ashwini Ballodia You can also pass entry as RD A/c To Interest on RD.....

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Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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23 September 2017 Thanks Rashmi Mam for telling me CA but till now I am not CA

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Ashim kr Ray

Ashim kr Ray (Querist)
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23 September 2017 whether i have to pass journal entry for interest for RD .

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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23 September 2017 Yes you have to pass journal entry

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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23 September 2017 Yes you have to pass journal entry to book interest

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 September 2017 Yes you have to pass interest.....

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 September 2017 No worry Ashiwini assume yourself as CA for sometime.....

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Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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24 September 2017 Thanks for the lovely words. I will be becoming CA within 1 year

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 September 2017 Surely...........

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Sir recurring deposite in tally in which head.

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