Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
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Answer Posted / avinandan bose
Dr. Cr.
Date Particulars Rs. Rs.
d/m/y Bank A/C-----Dr. XXX
Interest Recieved A/C XXX
(Being Interest recieved
from Bank)
According to Golden Rules:-
1.Interest Recieved:- Nominal A/C,Income,Credit.
2.Bank A/C :- Real A/C ,comes in, Debit.
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