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interest paid to bank for journel entry

Question Posted / ravikumar123

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interest paid to bank for journel entry..

Answer / satyanarayana raju

Mr sandeep according to you you recd interest from
Bank .Think before u answer

visit once a trail WEB Site
www.therealaccountants.com

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interest paid to bank for journel entry..

Answer / nuhad ahsan qadri

Interest paid to bank ,
effect on nominal account ,bank interest,
other effect wat goes out ,CASH or BANK


Entry will be , BANK INTEREST a/c DR
TO BANK A/c

I THINK in BUSINESS it definetly deduct , no company or firm paid it in cash, without limit business is impossible

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interest paid to bank for journel entry..

Answer / ravinder.sunkara

interest a/c.........dr
to bank a/c
(being interest paid through bank)

Is This Answer Correct ?    1 Yes 2 No

interest paid to bank for journel entry..

Answer / ankit jain

interesta/c Dr
to Bank A/C

Is This Answer Correct ?    1 Yes 3 No

interest paid to bank for journel entry..

Answer / mehtab ahmad

bank a/c dr.
to interest a/c

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interest paid to bank for journel entry..

Answer / sandeep kumar

Bank a/c---- dr.
To interest Paid a/c...cr.

(Being the inerest paid into the bank).

Is This Answer Correct ?    1 Yes 5 No

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