ENTRY FOR ACCURED INTEREST
ACCURED INTEREST
(Guest)
2 Replies
Amit Gupta
(Loosening Myself)
(1508 Points)
Replied 16 September 2010
Bank A/c Dr
Accrued iNterest dr
To Income from Investments
CA. BIJENDER KR. BANSAL
(ACA, B.COM)
(8148 Points)
Replied 17 September 2010
ENTRY AT THE TIME OF ACCURED INTERST
ACCURED INTEREST ON FD ETC (CURRENT ASSET) DR
TO INTERST ACCURED BUT NOT RECD ( INCOME)
AT THE TIME OF MATURITY OR RECD OF ACCURED INTEREST
BANK A/C DR
TO ACCURED INTERST ON FD CR
TO FIXED DEPOSIT A/C CR.
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