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Interest received
Interest received a/c show in p&l credit side but which side show balance sheet?
Replies (8)
not to be shown @ Balnce Sheet
only if interest is accured then under Current Assets in BS
tq sir
tq sir
tq sir
tq sir
WHEN YOU WILL TRANSFER PROFIT OR LOSS FROM P&L ACCOUNT THEN ITS EFFECT WILL AUTOMATICALLY COMES IN BALANCE SHEET.
ONLY ACCRUED AND UNEARNED PROFIT IS BEING SHOWN IN P&L ACCOUNT.
If interest is received then corresponding entry will impact bank account. If it is accured then it will clubbed under Fixed deposit under Ind As accounting since there is no concept of accural of income in Ind as
If interest is received then corresponding entry will impact bank account. If it is accured then it will clubbed under Fixed deposit under Ind As accounting since there is no concept of accural of income in Ind as
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