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what is journal entry for "Interest allowed by bank" and where does it come in pass book??

Question Posted / raghavendra

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what is journal entry for "Interest allowed by bank" and where does it come in pass book??..

Answer / answerer

The journal entry for interest allowed by bank is:-

bank a/c.....Dr
To interest a/c


In the pass book, the interest is shown on the credit side.


financeaccountingsimplified.com

Is This Answer Correct ?    57 Yes 5 No

what is journal entry for "Interest allowed by bank" and where does it come in pass book??..

Answer / satish

Assume that interest paid by bank

In pass book it shows "interest" on credit side.

In the books of company journal entry is :-

Bank a/c ..Dr rs.50/-
To interest(indirect income) a/c... Rs.50/-

Is This Answer Correct ?    36 Yes 5 No

what is journal entry for "Interest allowed by bank" and where does it come in pass book??..

Answer / shivangi

Bank A/c Dr.
intt. received A/c. Cr.
(intt received from bank)

passbook - intt. will shown on credit side.

Is This Answer Correct ?    24 Yes 5 No

what is journal entry for "Interest allowed by bank" and where does it come in pass book??..

Answer / vivekpal

Bank A/c Dr
To interest allowed A/c

Is This Answer Correct ?    4 Yes 1 No

what is journal entry for "Interest allowed by bank" and where does it come in pass book??..

Answer / answerer

The journal entry for interest allowed by bank is:-

cash a/c.....Dr
To interest a/c

In the pass book, the interest is shown on the credit side.


financeaccountingsimplified.com

Is This Answer Correct ?    4 Yes 22 No

what is journal entry for "Interest allowed by bank" and where does it come in pass book??..

Answer / shivam

Interest a/c......... Dr.
To bank a/c

Is This Answer Correct ?    4 Yes 22 No

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