Answer Posted / dhanashree

Hi, mistaken in the last answer it should be

Bank Charges A/C...Dr
To Bank A/C
(Being bank charges charged by bank)

Bank A/C....Dr
To Interest received A/C
(being Interest received- on deposit)
In case the interest is pais the entry will be
Interest paid A/C....Dr
To Bank A/C
(Being Interest paid)

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