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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.

Answer Posted / 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



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