Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
Answers were Sorted based on User's Feedback
Answer / khushi kaur
Bank a/c........Dr.
To bank interest received a/c
(being bank interest received)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vineegautam.gautam
cash a/c........dr
to bank a/c
(being interest recived from bank)
debit which comes in
and credited which goes out
Is This Answer Correct ? | 3 Yes | 25 No |
Answer / prasad
Interesta/c Debit
Bank a/c Credit
( Being Interest received from Bank)
Is This Answer Correct ? | 8 Yes | 44 No |
Answer / unnikrishnan
interest A/c Dr
BANK Cr.
debit what comes in
credit the giver
am i right
Is This Answer Correct ? | 6 Yes | 44 No |
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