We have received FD interest in current account.
So, how to make entry in account books.??
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Fd interest entry
Replies (2)
bank Dr
To. FD interest
To. FD interest
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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