Hello Everyone,
i want to know what accounting entry I have to pass when a FD which was booked on 09 Oct 2017 is prematurely liquidated on 30 Aug 2018. Since their is a change in interest rate (less 1%) as the FD is prematurely liquidated , how will I deal with interest and TDS part in terms of accounting.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
