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Jurnal for interest chrgd by bank-
Interest a/c dr
To bank
Bank is real a/c
Que is why bank is credit as d rule is
dr d reciever
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Answer Posted / yashwanth
In this case Bank is Charging us So Interest is Nominal A/c
Debit - All expenses & Lossses
For Bank - It is real A/c - Credit the Giver
We are giving some amount to bank as charges not recieving
| Is This Answer Correct ? | 8 Yes | 3 No |
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