Fixed deposits

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Ashwin Kumar

Ashwin Kumar (Querist)
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30 June 2014 Accounting treatment for FD , interest on it , And interest accrued( in previous year).

Ganeshbabu K

Ganeshbabu K (Expert)
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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

Rupesh Jain

Rupesh Jain (Expert)
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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.

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