Kumar Sushank (Asst. Manager - Accounts & Taxation) 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.