FD renewal
Soni Darshan (41 Points)
28 December 2018
what is journal entry for renewal of FD in bank?
Soni Darshan (41 Points)
28 December 2018
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 28 December 2018
No entry required for renewal of FD in bank
Soni Darshan
(41 Points)
Replied 28 December 2018
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 28 December 2018
he inventory write off journal entry is as follows:
| Account | Debit | Credit |
|---|---|---|
| Loss on inventory write off | 1,000 | |
| Inventory | 1,000 | |
| Total | 1,000 | 1,000 |
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 28 December 2018
No,Need to Entry for renewal of FD in bank
Madhavi
(CA - FINAL)
(1342 Points)
Replied 28 December 2018
hai,
1)
For FD Matured
Bank Dr Full amt matured
To FD Cr. FD Amt
To Interest Accrued Cr. (Interest Accrued)
To Interest earned A/c Cr.(Current month interest)
2)
For FD Reinvested
FD A/c Dr. (With full amt matured)
To Bank A/c Dr. (With full amt matured)
Subodh Vishwakarma
(2 Points)
Replied 04 October 2021
No need to Do Entry but you can make entry for information of renewal
DR -FD With BANK
CR- FD With Bank
(Narration- Renewed FD Details)
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