Dear Friends ,
I am cracking my mind but not able to get the exact accounting entries. Can you please look at the bank accrued interest amount and the actual interest received so that the difference can be booked as accrued interest. Please do take a look and advise me as to what should be the entries.
Regards,
Ravi ravi.exe @ gmail.com
for accrued interest Interest Recevable A/c (current assets) Dr to Bank interest A/c(indirect income)
Interest Received Respective Bank A/c Dr To Bank Interest A/c
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
CCI
Pro
CAclubindia
