Answer / dinesh jangid

1. LOAN & ADVANCES A/C DR. 40000000.00
TO CASH/BANK A/C 40000000.00

2. INTEREST RECEIVABLE A/C DR. 1200000.00
TO INTEREST A/C 1200000.00

3. CASH/BANK A/C DR. 1200000.00
TO INTEREST RECEIVABLE A/C 1200000.00

Answer / udai raj

1) loan & advances a/c Dr.40000000
To cash A/c 40000000

2) Interest A/c Dr 1200000
To Interest receivable A/c 1200000

3) Interest receivable A/c Dr 1200000
To Cash A/c 1200000

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