banner_ad

SWEEP CREDIT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 March 2024 What is the tally entry for sweep in credit and Interest on sweep in credit from fixed deposit account mentioned in current a/c statement
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
04 March 2024 Sweep in Account is under Current Asset & Sweep in Interest in Indirect Income (as Interest Received from Sweep in Account)
Profile Image

Aashok Kumar Sharma

Profile Image

Aashok Kumar Sharma (Expert)
16 August 2025 A "sweep credit" likely refers to a bank sweep facility, which automatically transfers excess funds from your current/savings account into a higher-yield investment (like an FD or money market fund)—or uses surplus cash to pay down debt. Conversely, funds are swept back when your balance falls below the maintained threshold.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details