Interested to Buy Any Domain ? << Click Here >> for more details...
Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
- 27 Answers
- 128482 Views
- ABC, GEE, Genpact, I also Faced
- E-Mail Answers
Answer Posted / sabitha
BANK A/C............DR
TO INTEREST A/C
(BEING INT.RECEIVED FROM BANK )(ACCORDING NOMINAL A/C RULE
DEBIT ALL EXP &LOSSES, CREDIT ALL INCOMES AND
GAINS.INT,REC'D IS NOTHING BUT IT'S A GAIN SO WE CREDIT THE
INT A/C)
| Is This Answer Correct ? | 23 Yes | 0 No |
Post New Answer View All Answers
What software applications have your used for accounts receivable?
Compare financial accounting and cost accounting.
What are the most important goals of accounts receivable?
Explain me by saying, perpetual or periodic inventory system; what do we mean?
Cello pen gross value is 935.89 for 12 nos 14.5% tax
What steps would you take before approving an invoice for payment?
What is the use of 2a, 2b & 2c form in CST ?
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
What is royalty reserve?
cash credit taken from bank then what is the general entry?
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
What is purchasing order?
I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
What is the networth percentage observe by banks
