When method of accounting is Cash basis
When Interest on f.d will book...When interest accrued or recieve?...this income reflect in 26 A.S
Menu
Interest on F.D
Replies (5)
FD interest Received is to be accounted.
but what about Interest accrued and it is shown in 26 A.S..if it will not accounted than it will showing diffnce between 26 AS and books of accounts
Show it in year of receipt.
If query will come from department inform them about cash accounting system.
| Originally posted by : Shakir Ravjani | ||
 |
but what about Interest accrued and it is shown in 26 A.S..if it will not accounted than it will showing diffnce between 26 AS and books of accounts |  |
You will show it Accrued With receivables mode/accounting
WHEN ACTUALLY RECEIVE
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
