Dear members,
what would be the accounting treatment for accrued interest on the date of balance sheet when the investments belongs to earmarked/endownment funds.
Menu
Accrued interest under fund based accounts
Replies (2)
Accrued interest will be recorded in the same financial year,in which they will inccured.As per fundamental accounting assumption
If the fund is cumulative in nature, the interest is credited to the same.(in most of the cases)
Recent Topics :
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
Related Topics :
CAclubindia
