A bank guarantee was created against an appeal
the company has won the appeal and bank guarantee is released what is the treatment
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Bank guarantee
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When Bank Guarantee was made it was prepared against any Fixed Deposits. So, Now the entry would be:
Bank A/C ...................... Dr.
Fixed Deposit ................ Cr.
Intereset Accrued .......... Cr.
(If FD Interest was booked on yearly basis through 26 AS)
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