interest paid to bank for journel entry

Answer Posted / satyanarana raju

If it paid directly
bank Interest a/c Dr
To Cash a/c
If it is adjusted by Bank
Bank Interest a/c Dr
To Bank a/c

Is This Answer Correct ?    84 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand--------AA

1590


what is sevice tax? on what service tax is applicable. explain with examples?

1602


How can i prepare MIS report for Finance?

1973


business sepsarate entity concepts

1689


npa is either person or account

1516






why may types of accounts

1730


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1451


what s BSPL and its significance?

3620


What was use of tally erp 9? Types of vat?

1180


Telly ERP9 is perfect accounting softwear in excise unit.

3305


What is outsider equity and time interest period ratio?

1443


what are micro-cap, small-cap, mid-cap, large-cap companies?

1774


Why you want to leave your present job while they offer you with good offer?

1507


EXPAND______________ICT

1551


What is PE ratio formula ?

1847