Easy Office
LCI Learning

Interest Accrued

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 December 2010 Does interest accrued apply only on Cumulative Deposits?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
10 December 2010 Query is not clear, If it is about accounting, Accured interest only the interest for the particular period need to be received

If it is related to Bank deposits scheme, based on the scheme the interest, if treated as re deposit then it is apply cumulative deposits
Profile Image

Balakrishnan

Profile Image

Balakrishnan (Expert)
13 December 2010 It equally applies to Term Deposits too, when interest payable at year end has not been paid by the bank.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links