Please find the interest accrued on FIXED DEPOSIT on the basis of the question below
Regards
Solution :-
Interest accrued on FIXED DEPOSIT :
=60,000 x 3/12 x 10% = 1500
This Interest is to be Credited in Income and Expenditure account and to be taken to Asset Side in the Balance Sheet.
Hope it Helps you to solve complete question. If you have further doubt, please revert back to us.
Interest accrued on FIXED DEPOSIT :
=60,000 x 3/12 x 10% = 1500
This Interest is to be Credited in Income and Expenditure account and to be taken to Asset Side in the Balance Sheet.
Hope it Helps you to solve complete question. If you have further doubt, please revert back to us.