Answer / bharat chandra das

when depreciation is taking on provisation in opening of
the year the entry is
deprecation a/c dr.
To provisition for depreciation a/c
(Being provisation for depreciation is taken)
when depreciation is transfered to p&l a/c

profit and loss a/c dr.
to depreciation a/c
(Being depreciation transfered to p&l a/c)

What will be the entry for transfer of fixed deposit amount to their current a/c. (ie. if we hav a FD of Rs.600000 with the bank, we need to close the FD and transfer the amount to the current Account. kindly provide me the entry for this.

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