Fixed deposits
Balakrishna Reddy (Student) (68 Points)
08 April 2009
how to show in books of Accounts w.r.t Interest accrued on FD's.
Balakrishna Reddy (Student) (68 Points)
08 April 2009
deepak K Gujrati
(CA-practice)
(966 Points)
Replied 08 April 2009
Principal and Interest should be shown seperately.
Principal: Balance as per last a/c
Addition during the year
Maturity During the year
Closing Balance
Interest Accrued:
Balance as per last a/c
Add Interest accrued during the year
Less Ad for Maturities
Closing Balance
Above details should be supported by proper schedule.
Schedule should be made in the following manner:
FDR No., FDR Date, Principal Value, Dt of Maturity, Interest uptolast a/c, Int for the year, TDS deducted, Matured dr the yr, Closing Bal
benjonson
(manager)
(30 Points)
Replied 19 April 2009
Fixed deposits are a great way to earn more interest on your savings than regular savings account. FD's have other benefits besides providing higher interest rates. This calculator helps you find out how much interest you can earn on a Fixed Deposit (FD) from various banks in India. _____________________________________ benjonson
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