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what journel entry we need to pass if we get an interest
from bank

Answers were Sorted based on User's Feedback



what journel entry we need to pass if we get an interest from bank ..

Answer / soumavo

interest on bank a/c dr
to bank a/c.

Is This Answer Correct ?    23 Yes 7 No

what journel entry we need to pass if we get an interest from bank ..

Answer / manoj bhawsinghka

Bank a/c ...Dr
to Interest received A/c....Cr.

Is This Answer Correct ?    21 Yes 5 No

what journel entry we need to pass if we get an interest from bank ..

Answer / pari

Bank a/c Dr.
to Interest received a/c Cr.

Is This Answer Correct ?    9 Yes 2 No

what journel entry we need to pass if we get an interest from bank ..

Answer / ashishh agarwal

dr to your bank a/c
& cr to interest ledger

Is This Answer Correct ?    2 Yes 0 No

what journel entry we need to pass if we get an interest from bank ..

Answer / srinivas

debit the amount

Is This Answer Correct ?    0 Yes 0 No

what journel entry we need to pass if we get an interest from bank ..

Answer / sandhya

intrest a/c..dr
to bank a/c

Is This Answer Correct ?    0 Yes 0 No

what journel entry we need to pass if we get an interest from bank ..

Answer / kruthi

Interest on Bank a/c Dr

To Bank A/c

Is This Answer Correct ?    0 Yes 0 No

what journel entry we need to pass if we get an interest from bank ..

Answer / kunal

Bank ac Debited
To interest ac

Is This Answer Correct ?    0 Yes 0 No

what journel entry we need to pass if we get an interest from bank ..

Answer / hemanta behera

Interest on bank A/C Dr
To Bank

Is This Answer Correct ?    1 Yes 2 No

what journel entry we need to pass if we get an interest from bank ..

Answer / ritha

interest received a/c...Dr
To bank a/c cr

Is This Answer Correct ?    0 Yes 2 No

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Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem

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