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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 ?

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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