Fd interest entry

Vimarsh Patel   22 August 2019

Vimarsh Patel

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We have received FD interest in current account.

So, how to make entry in account books.??


Giridhar S Karandikar (Team Lead)     22 August 2019

Giridhar S Karandikar
Team Lead 
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bank Dr
To. FD interest


Kumar Sushank (Asst. Manager - Accounts & Taxation)     31 October 2019

Kumar Sushank
Asst. Manager - Accounts & Taxation 
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Hi Mr. Vimarsh Patel : Please check in your books, normally FD Interest must have precalculated and entered through Interest Accrued (Current Assets)

In that case Entry would be :

Bank A/C ........ Dr.

To Interest Accrued Cr.

Otherwise you can make income through

Bank A/C ...... Dr.

To FD Interest Cr.

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