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interest paid to bank for journel entry
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Mr sandeep according to you you recd interest from
Bank .Think before u answer
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www.therealaccountants.com
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / nuhad ahsan qadri
Interest paid to bank ,
effect on nominal account ,bank interest,
other effect wat goes out ,CASH or BANK
Entry will be , BANK INTEREST a/c DR
TO BANK A/c
I THINK in BUSINESS it definetly deduct , no company or firm paid it in cash, without limit business is impossible
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ravinder.sunkara
interest a/c.........dr
to bank a/c
(being interest paid through bank)
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / sandeep kumar
Bank a/c---- dr.
To interest Paid a/c...cr.
(Being the inerest paid into the bank).
| Is This Answer Correct ? | 1 Yes | 5 No |
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