Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
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Answer Posted / rohit mishra
Bank a/c Dr.
To Interest rcvd. A/c
(Being Interest Received)
Discription:
1.Bank a/c-Personal A/c
Rule applied: Credit The Giver
2.interest Rcvd.-Nominal A/c
Rule Applied:Credit All Income & Gains.
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