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Journal enteries of Accruel Bank Interest

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(Querist)
02 December 2010 Please Sir define journal enteries of Accruel Bank Interest.
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arunkumar

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arunkumar (Expert)
02 December 2010 jounal entry for accruel interest


Interest Receivable A/c ( current asset)
To
Interest income (indirect income)
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CA Apurav Agawal

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CA Apurav Agawal (Expert)
03 December 2010 At the time of booking of interest.

Accrued Interest A/c (CA)
TDS Receivable A/c
To Interest (Inc)

At the time of Receipt of Interest

Bank A/c
To Accrued Interest A/c
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