Accrued interest
This query is : Resolved
18 July 2012
i want the accounting entry of interest accrued due and interest accrued but not
due in term loan and f.d?
due in term loan and f.d?
19 July 2012
Suppose the Interest is Rs.100/- and TDS is RS.10/-, then:-
1. In case of Interest Accrued and Due
Interest Receivable A/c Dr. 90.00
TDS Receivable A/c Dr. 10.00
To Interest Received(P&L) Cr. 100.00
2. In case interest accrued but not Due
Interest Accrued But not DueDr. 90.00
TDS REceivable Dr. 10.00
To Interest Received (P&L) Cr. 100.00
1. In case of Interest Accrued and Due
Interest Receivable A/c Dr. 90.00
TDS Receivable A/c Dr. 10.00
To Interest Received(P&L) Cr. 100.00
2. In case interest accrued but not Due
Interest Accrued But not DueDr. 90.00
TDS REceivable Dr. 10.00
To Interest Received (P&L) Cr. 100.00
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