Sweep account

Dear All,

Can any one help me regarding how to reconcile the sweep a/c.

 

Please help me with example and send the contact number also.

 

Replies (2)

u can reco with the relative bank statement or ask the bank for statement. 

U will get a statement from the bank, take that statement and record entries, mostly there will be two types of entries one is interest on sweep in FD  and another is TDS on interest

For Interest ... Sweep in FD A/c.....Dr

                      To Interest on Sweep in FD A/c

For TDS...... TDS on sweep in FD A/c....Dr

                    To Sweep in FD A/c

 

 

 

 

 

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