Simple point in accounts but having trouble, plz help...
Siddharth Singh (CA-Final) (202 Points)
17 July 2013Siddharth Singh (CA-Final) (202 Points)
17 July 2013
~Priyanka MS~
(-)
(536 Points)
Replied 17 July 2013
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 17 July 2013
Assume,
Debenture Int is payable half yearly say on -June 30 and Dec 31.
Say I have debentures of Rs. 1 lacs and deb int is 8% p.a...My FY is April to March,31
So Interest paybale for the period of Jan to March, 2014 is actaullay accrued to me....so it is my accued income ....but it is not outstanding income because company is lible to pay 6 months interest i.e. on June 30 only....
So here my Accrued Interst on March 31,2014 = 1 lacs*8%*3/12 = Rs. 2,000.
Siddharth Singh
(CA-Final)
(202 Points)
Replied 17 July 2013
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)