How to enter FD(fixed deposit) entries in Tally

Page no : 2

G.Mahender (Executive accounts) (73 Points)
Replied 21 June 2012

For entries 1st yr.

1) FDR A/c 5000 Dr

To Bank A/c 5000

2)FDR A/c Dr 400

To Interest recd. a/c 400

For entries 2nd yr.

FDR A/c Dr 432

To Interest recd.a/c 432

for 3rd yr.

FDR A/c Dr 467

To interest recd.a/c 467

Final entry for maturity will be

Bank A/c Dr 6299

To FDR A/c 6299

1 Like

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mandeep (Student CMA) (26 Points)
Replied 20 August 2015

what entries should be at the time of partial withdrawn of FD

dipak (Accountant) (27 Points)
Replied 10 November 2015

Interest on FD comes under???????

dipak (Accountant) (27 Points)
Replied 13 November 2015

Interest on FD comes under???????

Shivani (Learner) (1881 Points)
Replied 14 November 2015

Fixed Deposits should come under Investments and not under Deposits

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Akhilesh (Sr. Accountant) (76 Points)
Replied 22 November 2015

yes

She is Right

rajesh krishna (Manager - Accounts ) (27 Points)
Replied 23 December 2015

Thanks for your Help....

Prashant Sathe (1 Points)
Replied 05 January 2016

I am passing fixed deposit entry in tally but i need your help should i pass entry in journal or payment

Dhaval Valand (Accounting Professional) (34 Points)
Replied 28 January 2016

Hi,

My company made FD with GSFS of Rs. 66,26,000/-

and we got interest at maturity is 1,28,027/-

Total 67,54,027/-

Now we renew the FD with Interest but my FD A/c shows difference of Rs. 1,28,027/-

how to solve this?

Srinivas Ch (Sr.Accountant) (365 Points)
Replied 28 January 2016

ACCRUED INTEREST ON FD

INTEREST RECEIVABLES

comes under CURRENT ASSETS

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Arunesh Kumar (ACCOUNTS OFFICER) (24 Points)
Replied 23 February 2016

THANKS TO ALLOF U FOR SHAREING USEFUL IFORMATION.

ARUNESH JUMAR

ashish pandey (accountant assit.) (28 Points)
Replied 11 March 2016

IN WHICH GROUP UNDER OPEN FD LEDGER

pankaj kumar singh (Accountant) (24 Points)
Replied 04 March 2017

TDS on FD Interest which under head

pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 12 August 2018

Dear freind It will comes under (current assets ) head

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pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 12 August 2018

At the time of FD. Supposed Fd a/c Dr....... 50000 To bank..... 50000 Interest accrue enter with tds You can make tow type of entry. First FD. /ac. Dr. 4500 Tds receivable(17-8) a/c Dr. 500 To interest on FD. 5000 If you done this entry so you can understand how much right now you have balance in FD a/c Second Interset Accure on FD a/c 4500 Tds receivable a/c Dr. 500 To interest on FD. 5000 (under indirect income) after done second entry you have show two current assets under your book 1. Fd a/c 2.interest accrue on FD You may make adjustments entry as on 31.3.18 Fd a/c Dr 4500 To interest accrue on fd 4500 thanks