1.8.10 Full Redemption by Cash Before Maturity
The accounting entries for TD full redemption by cash before maturity are covered in this section.
Table 1-72 TD Full Redemption by Cash Before Maturity
| Posting Date | Value Date | Transaction Branch | Account Branch | GL HeadDr./Cr. | TCY Amount(GBP) | LCY Amount(GBP) | Exchange Rate | Remarks |
|---|---|---|---|---|---|---|---|---|
| 20.09.22 | 20.09.22 | 000 | 000 | Dr. TD A/c | 10000 | 10000 | 1 | Tax at the appropriate rate may be deducted on redemption |
| 20.09.22 | 20.09.22 | 000 | 000 | Dr. TD Int Payable A/c | 500 | 500 | 1 | |
| 20.09.22 | 20.09.22 | 000 | 000 | Cr. Cash GL | 10500 | 10500 | 1 |
Parent topic: Time Deposits