Sir recurring deposite in tally in which head.
This query is : Open
23 September 2017
Sir,
Recurring deposite in tally comes under which head investment or bank.
And how to pass the entry in tally Interest received from Recurring deposit.
Please guide me.
Recurring deposite in tally comes under which head investment or bank.
And how to pass the entry in tally Interest received from Recurring deposit.
Please guide me.
23 September 2017
RD shown in Deposits head.....
Capital A/c
To Interest on RD......
Message likes :
2 times
23 September 2017
RD to be classified in investment/Deposit account & Entry for interest will be
RD A/C DR
To Interest on RD
23 September 2017
Agreed with CA Ashwini Ballodia
You can also pass entry as
RD A/c
To Interest on RD.....
Message likes :
2 times
23 September 2017
Thanks Rashmi Mam for telling me CA but till now I am not CA
Message likes :
3 times
23 September 2017
whether i have to pass journal entry for interest for RD .
23 September 2017
Yes you have to pass journal entry
23 September 2017
Yes you have to pass journal entry to book interest
Message likes :
1 times
24 September 2017
Yes you have to pass interest.....
24 September 2017
No worry Ashiwini assume yourself as CA for sometime.....
Message likes :
1 times
24 September 2017
Thanks for the lovely words.
I will be becoming CA within 1 year
24 September 2017
Surely...........
Message likes :
1 times
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