Fd interest entry

22 August 2019

We have received FD interest in current account.

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

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2 Replies

Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 22 August 2019

bank Dr
To. FD interest

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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