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 Posted / naresh sharma
when we have need to entry transfer
current a/c dr
To Fd a/c cr
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