Fixed deposits

how to show in books of Accounts w.r.t Interest accrued on FD's.
Replies (2)

 Principal and Interest should be shown seperately.

Principal: Balance as per last a/c

                  Addition during the year

                  Maturity During the year

                  Closing Balance

Interest Accrued:

                  Balance as per last a/c

                  Add Interest accrued during the year

                  Less Ad for Maturities

                  Closing Balance

 

Above details should be supported by proper schedule.

Schedule should be made in the following manner:

FDR No., FDR Date,  Principal Value, Dt of Maturity, Interest uptolast a/c, Int for the year, TDS deducted, Matured dr the yr, Closing Bal  

Fixed deposits are a great way to earn more interest on your savings than regular savings account. FD's have other benefits besides providing higher interest rates.

This calculator helps you find out how much interest you can earn on a Fixed Deposit (FD) from various banks in India.

_____________________________________

benjonson

cheaponline-loans.co.uk

adverse-mortgage-centre.co.uk

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