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Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!

Question Posted / aayush


Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!..

Answer / Kunwar Prabhat Singh

Debit Cash account: Rs. 5,000nCredit Interest Receivable account: Rs. 5,000nDebit Interest Receivable account: Rs. 2,000

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