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interest paid to bank for journel entry
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Answer Posted / nuhad ahsan qadri
Interest paid to bank ,
effect on nominal account ,bank interest,
other effect wat goes out ,CASH or BANK
Entry will be , BANK INTEREST a/c DR
TO BANK A/c
I THINK in BUSINESS it definetly deduct , no company or firm paid it in cash, without limit business is impossible
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