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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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Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
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