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Journal entry for interest received
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Answer / ganesh shinde
Bank A/c Debit----------
To Interest A/C Credit------
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / raghu.v
Which type Interest ?
When interest received JV is :-
Bank a/c Dr
Interest Received Cr
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / raghu.v
1.While interest received through cash
Cash a/c Dr
Interest received a/c Cr
2.While interest accumulated with FD
Fixed Deposit No00025 a/c Dr
Interest received a/c Cr
| Is This Answer Correct ? | 0 Yes | 0 No |
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