Interest receivable
This query is : Resolved
24 January 2014
Trust open FD account of ?5,00,000 with bank on 1-4-2013 for 1 year @9% interest, interest credited quarterly in FD account after TDS & its receive on maturity, now my question is its necessary to create Interest receivable account in trust book...???
24 January 2014
HI
Yes as per general accounting practice you need to create the said a/c.
Thx
Yes as per general accounting practice you need to create the said a/c.
Thx
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