Time Deposit entries

Principal transfer from saving account
Dr Time deposit XXX
Cr Cash at bank XXX
Interest Earn:
Dr Cash at bank XXX
Cr. Interest income XXX
Entries for 1 week and daily time deposit are the same

希望以下的簡單的例子, 可以幫到你。
For example $50,000 , interest earned : $50






Principal transfer from saving account









DR
CR



Investment -Term deposit

50,000




Bank - Saving account



50,000



Term deposit for one week fixed.















After one week, principal and interest earned are credit to your saving account automatically.










Bank - Saving account

50,050




Investment - Term deposit


50,000



Other income - Interest


50



Released term deposit