can you give a answer of below question bco'z I think I
will confuse u or i am confused?
suppose u deposit amt 50000 ( for one Year) on which u get
4%int per annuam (simple int) give me a journal entry for
int ?
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Answer Posted / amit singh
1.Bank A/c Dr. 50000
To Cash 50000
[Cash Deposited]
2.Cash A/c Dr. 50000
Interest A/c Dr 2000
To Bank 52000
| Is This Answer Correct ? | 2 Yes | 3 No |
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