We have received FD interest in current account.
So, how to make entry in account books.??
Vimarsh Patel (8 Points)
22 August 2019We have received FD interest in current account.
So, how to make entry in account books.??
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 31 October 2019
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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