Accounting of accrued interest on fd

This query is : Resolved 

22 November 2017 I just wanted to Know whether We can pass Accrued Interest on 30th Sept to give correct view of Half yearly Balance sheet & Profit & Loss Account for below transaction.
If FD of Rs. 5,00,000/- is Created @ 6% interest on 5th April 2017 for 180 days which matures on 5th Oct 2017. Interest till Sept is Rs. 14384/- . And Interest till 5th Oct is 14795/-. TDS will be deducted on 5th oct 2017.
1)Accrued Interest on FD (current Asset) .... Rs. 14384/-
To Interest Received on Fd..... 14384/-

23 November 2017 Dear Vivek,

Your accounting treatment is perfectly right. You can pass the above entry as on 30th September 2017



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