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Hi, I was in US for around 2 years on salary and have saved some money.In April 2010, I came back to india and got married .After marriage , I did joint fixed deposits(>15 Lakhs) with my spouse`s name as first name and my name as second name.The interest that will be accumulated in this financial...
Hi, Kindly help me fixed deposit of 100000/- kept against the bank guarnteee , tell me what is the journal entry for the same & interest on the & in the balance sheet where it will reflect Interest on the fd shall we show as a part of income & what is the journal entry for the same ...
What should be the accounting entry at the time of placement and maturity of fixed deposit?
What should be the accounting entry at the time of placement and maturity of fixed deposit?
My father made deposits in a private bank and made me as lone nominee to receive the amount. My father expired now. But bank fails to clear the amount even after maturity and require me to produce some doucments regarding legal heirs. Will it be correct.
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