What is the accounting entries for moratorium interest capitalisation
Is TDS applicable on Interest
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Moratorium interest capitalisation NBFC
Replies (7)
Quick Summary
Yes, It's due 1st -So TDS Applicable.
Post-normal -Interest Payable (Current Liability ) Entry.
Post-normal -Interest Payable (Current Liability ) Entry.
Yes TDS is applicable on moratorium
Thank you Mr. Balamurali & Sourav
NBFC add moratorium interest amt in outstanding loan account and increase tenure
what is the accounting entry ?
NBFC add moratorium interest amt in outstanding loan account and increase tenure
what is the accounting entry ?
Credit the interest portion, debit the principal amount.
Mr. Balamurali Ji,
not understand your accounting entry
below entry is right, please check
Interest account Dr.
Lender account Cr.
not understand your accounting entry
below entry is right, please check
Interest account Dr.
Lender account Cr.
What about the principal portion.
Lender account means
Aditya Birla Loan A/c - Amount (Principal outstanding)
Aditya Birla Loan A/c - Amount (Principal outstanding)
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