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Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
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Answer Posted / rahul kumar
according to nominal account debit all expenses & losses
credit all incomes & gains
since interest received is an income it should be credited
and bank account shall be debited
entry
bank a/c...............dr
to interest received a/c
(being interest received form the bank)
| Is This Answer Correct ? | 23 Yes | 2 No |
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