25 March 2016
interest on locker fd has not been taken by a/c. holder on books for 3 yrs . now , what will be journal entries for interest of previous yrs and current fy.
25 March 2016
Interest on FD to booked on accrual basis every closing of Financial Year . Since you have not booked on accrual Basis , FD Aic Dr to Interest on FD
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