1.8.6 Full Redemption by Cash on Maturity
The accounting entries passed for TD full redemption by cash on maturity are covered in this section.
Table 1-68 TD Full Redemption by Cash on 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 | 11000 | 11000 | 1 | Principal GBP 10000 + interest credit GBP 1000 - Total amount GBP 11000 available in the account |
| 20.09.22 | 20.09.22 | 000 | 000 | Cr. Cash GL | 11000 | 11000 | 1 | NA |
Parent topic: Time Deposits