02 August 2010
Sir in my opinion in case of individual following 3 treatments will be reuired to made. 1. Intrest recvd. on FDR for the relevant year will be credited to capital account.
2. Amount of FDR will be shown in Assest side of Balance Sheet
3. Intrest accured but not due would be shown in the Assests side As Intrest Acccrued.
02 August 2010
We do our accounting on accrual basis. Interest which relates to relevant period will be part of income and Interest which is accued but not due for relevant period will be shown under Current assets.
02 August 2010
dEAR MR. SAURAB, AS & WHEN YOU WILL SHOWN INTERST ACCURED ON FDR IN MISLL INCOME. THEN IT WILL BECOME PART OF PROFIT . PROFIT WILL BE T/F TO CAPITAL A/C. YOU NEED NOT TO SEPRATELY T /F INTEREST ACCURED TO CAPTIAL A/C.
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