Hi,
I have a scenario for GL account posting
On 10 Oct 2014, - Purchase of Government Securities Payment Amount = Principal Amount + Accrued Interest payment
Example INR 1,00,00,000 + INR 3 00 000 (Accrued Interest payment) was paid at the time of Purchase
On 15 Oct 2014 - Sale of Government Securities Payment Amount (Received) = Principal Amount + Accrued Interest Received
INR 1,00,00, 000 + INR 4 00 000/- received.
The difference between 2 transaction is income. That income will be transferred to Income from Fixed Interest Bonds.
How to transfer INR 4,00,000 - 3,00,000/- = INR 1,00,000/-
please guide me
with regards
raju