F.D. maturity amt

Pramod Raut (14 Points)

01 August 2019

if F.D. maturity Amt Rs.539000/- credit on account then which head under became Above Amt. in Balance sheet?

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 August 2019

Is it individual BS or Business BS...?

vinoth madasamy (58 Points)
Replied 01 August 2019

if you individual then only interest to be disclosed under head Income from others source

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 01 August 2019

Query about Maturity amount...

In both condition the amount to account in Capital head...

Am I right Mr Raja P M Sir...?

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 August 2019

Am I right Mr Raja P M Sir...?

Yes... If Business is Proprietary business.

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Durgesh Mourya (219 Points)
Replied 04 August 2019

Maturity Amount is Principle Amount + Interest. The Principle Amount treated as Income and Interest treated as Interest.

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