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Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
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Answer Posted / javad khan
some guyz here they had posted entry as
(eg:1) Interest A/C-dr (eg:2) salary ac/c-dr
to cash to cash a/c
(being salary paid)
dont u think the above posted entry is of interest paid not received...so the entry for interest received is
Bank/cash a/c --dr
to interest.
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