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Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
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Answer Posted / m.a.sajid khan
Bank a/c .... Dr. (real Account)
interest A/c ...Cr.(Nominal Account)
Real Account:-Dr. What comes in and Cr.What goes out
Nominal Account:- Dr. All Expenses and Losses Cr. All in
come and gains.
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