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can you give a answer of below question bco'z I think I
will confuse u or i am confused?

suppose u deposit amt 50000 ( for one Year) on which u get
4%int per annuam (simple int) give me a journal entry for
int ?

Answer Posted / sanjeev

dr intest received rs 2000/-
cr bank a/c no ( in which interest received) for rs 2000/-

Is This Answer Correct ?    6 Yes 7 No



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