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How to pass an entry for interest on fd which have not taken since 2014-15

Accounting Entries 604 views 2 replies

How to pass an entry for interest on FD which have not taken since 2014-15.  We have received interest from 2014-15 but that does not accounted as  Also TDS.  How do I pas an entry in Tally to account that in the current year. 

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Replies (2)
Book interest as current year income.

Debit Interest receivable for 2014-15 account

and credit Creditpr/financial institution account

 


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