accrued
This query is : Resolved
14 September 2010
FD created of Rs.3 crore is for 3 years and Interest Recd as on 31/3/2010 is Rs. 300,000.00 for 1 st year
Is this Interest said to be Accrued Or Direct Debit to FD and Cr Interest in PL Ac
What are the condition for Accrud Interest.
Is this Interest said to be Accrued Or Direct Debit to FD and Cr Interest in PL Ac
What are the condition for Accrud Interest.
14 September 2010
It is accured interest as interest has not been received.
14 September 2010
Both is correct....
Yet to debit it to "Interest accrued but not recd" would be better.
If you support your entry with form 16 or interest certificate, it would be more appropriate.
Yet to debit it to "Interest accrued but not recd" would be better.
If you support your entry with form 16 or interest certificate, it would be more appropriate.
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