Example – FD account with date jan-1-2019 with quarterly interest
Rs. 10,000 – FD amount
Rs.760 – Fd interest will get added to the Fixed deposit product balance sheet automatically with still account active. Meaning interest amount is always added to the product name(Ledger name)
Rs.10,760
On closing the account
Rs.10,760 will go away from balance sheet because of withdrawal
Note- As per balance sheet: Shown fd ledger = principal + interest always