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Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
- 27 Answers
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Answer / surendra
BANK A/C DR.
TO INTEREST RECEIVED
( Being interest received from the bank )
| Is This Answer Correct ? | 326 Yes | 35 No |
Answer / rahul
Bank A/c ---- Dr
To Interest Received A/c
(being Interest received from bank)
| Is This Answer Correct ? | 107 Yes | 11 No |
Answer / m.a.sajid khan
Bank A/c..... Dr.
To Interest Received....Cr.
Interest is Belongs to Nominal Account & Bank is belongs to Real Account.
| Is This Answer Correct ? | 74 Yes | 13 No |
Answer / ajay kumar
Bank A/C- DR.
To Intrest
(Intrest received from bank. it is a income.according to
Golden rules of acc.-Debit all Exp.& Losses
Credit all income &gain.)
| Is This Answer Correct ? | 59 Yes | 9 No |
Answer / hemanshu
Bank Account Dr
To, Interest rec A/c
Very simple
| Is This Answer Correct ? | 42 Yes | 9 No |
Answer / rohit mishra
Bank a/c Dr.
To Interest rcvd. A/c
(Being Interest Received)
Discription:
1.Bank a/c-Personal A/c
Rule applied: Credit The Giver
2.interest Rcvd.-Nominal A/c
Rule Applied:Credit All Income & Gains.
| Is This Answer Correct ? | 47 Yes | 19 No |
Answer / sabitha
BANK A/C............DR
TO INTEREST A/C
(BEING INT.RECEIVED FROM BANK )(ACCORDING NOMINAL A/C RULE
DEBIT ALL EXP &LOSSES, CREDIT ALL INCOMES AND
GAINS.INT,REC'D IS NOTHING BUT IT'S A GAIN SO WE CREDIT THE
INT A/C)
| Is This Answer Correct ? | 23 Yes | 0 No |
Answer / rahul kumar
according to nominal account debit all expenses & losses
credit all incomes & gains
since interest received is an income it should be credited
and bank account shall be debited
entry
bank a/c...............dr
to interest received a/c
(being interest received form the bank)
| Is This Answer Correct ? | 23 Yes | 2 No |
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