Premature fd breakup accounting entry

Nijos (ACCOUNT) (21 Points)

03 May 2019  

Hello Everyone,

i want to know what accounting entry I have to pass when a FD which was booked on 09 Oct 2017 is prematurely liquidated on 30 Aug 2018. Since their is a change in interest rate (less 1%) as the FD is prematurely liquidated , how will I deal with interest and TDS part  in terms of accounting.