In Axis Bank Rs 25 lakh FD Made
what is the fixed deposit interest received journal entry in books of accounts how to record in books of accounts what is the entry
Menu
What is the journal entry for fixed deposit interest received
Replies (4)
If interest is received
Bank AC......Dr.
To Interest on Fix Deposit
Bank AC......Dr.
To Interest on Fix Deposit
Ledger Name: INTEREST RECEIVED ON FD
Under : Indirect Incomes
Entry:
Cr. INTEREST RECEIVED ON FD A/c - XXXXX
Dr. Bank A/c - XXXXX
Under : Indirect Incomes
Entry:
Cr. INTEREST RECEIVED ON FD A/c - XXXXX
Dr. Bank A/c - XXXXX
if interest is received
Dr. Bank A/c XXXX
Cr. To Interest received on FD A/c XXXX.
This is not desirable .
Recent Threads
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
Related Threads
CAclubindia
