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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Answer / arpshah4u
Here FD is already marked as Investment
so entry will be...(only for accounting)
Bank Current A/c Dr.
To, FD Investment A/c
| Is This Answer Correct ? | 10 Yes | 6 No |
Answer / naresh sharma
when we have need to entry transfer
current a/c dr
To Fd a/c cr
| Is This Answer Correct ? | 7 Yes | 5 No |
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