Accrued intt on Fixed Deposit
Dibyendu Kumar Majumder (42 Points)
28 April 2021
Accurred intt on Fixed Deposit are posted in profit and loss Account credit side or not
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 28 April 2021
Acrrued Interest on fixed deposit should be added with balance of FD in balance sheet in assets side or you can post in credit side of profit and loss account, either should be followed otherwise double effect will happen in accounts
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