Interested to Buy Any Domain ? << Click Here >> for more details...
Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
- 27 Answers
- 127413 Views
- ABC, GEE, Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Paid Transportation Which type of expenses these expenses
what is a source document for a cancelled cheque
What is the goodwill, how it will be calculeted.can Goodwill posted on laibiltes side Balance sheet.
Can you name different branches of accounting?
Please advise how to calculate net asset....
What is the difference between depreciation and amortization?
we given tour advance to party how to treat entry and which head have to given expenditure
what is come first debit or credit? means in the bussiness debit comes first or credit
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
Reconciliation a/c in SAPM ERP
what is payroll
What is purchasing order?
Audit 
