Fixed deposits
This query is : Resolved
30 June 2014
Accounting treatment for FD , interest on it , And interest accrued( in previous year).
01 July 2014
on creation of fd
Dr.fixed deposit
Cr.bankA/c
on interest accrued
.
.
Cr.Interest
Dr.Interest accrued
.
.
on interest received
.
Cr.Interest accrued
Dr.TDS Receivable
Dr.BankA/c
Dr.fixed deposit
Cr.bankA/c
on interest accrued
.
.
Cr.Interest
Dr.Interest accrued
.
.
on interest received
.
Cr.Interest accrued
Dr.TDS Receivable
Dr.BankA/c
01 July 2014
FD as Bank balance or as investment
interest earned and accured intt also book as current year income.
at the end of the year accured intt show include in FDR amount.
interest earned and accured intt also book as current year income.
at the end of the year accured intt show include in FDR amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
