Accounting entries for ppf

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meena (Querist)
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26 March 2013 SIR,

PLEASE TELL ME WHAT WILL BE ACCOUTIng ENTRIES
FOR AMOUNT INVESTED IN PPF.

WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL ACCRUE ON PPF.
WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL BE ACTUALLY RECEIVED .
&
WHAT WILL BE THE ACCOUNTING ENTRY WHEN THE PPF WILL BE MATURE.
PLEASE EXPLAIN IT IN DETAIL

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 March 2013 While accrual

Dr: Provident fund a/c
Cr: Salary Income a/c

Interest received

Dr: Provident fund a/c
Cr: Interest Income a/c

While maturity

Dr: Bank
Cr: Provident fund a/c

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