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Fd interest entry


Vimarsh Patel   22 August 2019

Vimarsh Patel

 8 points

| My Other Post

We have received FD interest in current account.

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

avater

Giridhar S Karandikar (Team Lead)     22 August 2019

Giridhar S Karandikar
Team Lead 
 716 likes  6942 points

View Profile | My Other Post

bank Dr
To. FD interest

avater

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

Kumar Sushank
Asst. Manager - Accounts & Taxation 
 72 likes  992 points

View Profile | My Other Post

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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