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 / akingbule bayonle stanley
credit the giver,
debit the receiver account
debit bank 50,000
credit owner 50,000
debit owner 2,000
credit bank 2,000
| Is This Answer Correct ? | 3 Yes | 0 No |
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