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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 ?
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Answer Posted / abdul rahman
1)Bank A/c Dr. 50000
To Cash A/c Cr. 50000
(being cash debosited in Bank)
2)Cash A/c Dr. 50000
Intrst A/c Dr. 2000
To Bank A/c Cr. 52000
(being interest received)
| Is This Answer Correct ? | 7 Yes | 2 No |
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