Question

bank allowed interest paid for rent by cheque. according to this question what is journal entry​.koi spam mat krna

Answer 1

Answer:

A journal entry is act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit.

Explanation:

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Answer 2

Answer:

Rent a/c which is again a nominal account. (Being Interest and Rent received in cash). However if interest and rent are received by cheque, the Bank a/c has to be debited in place of Cash a/c. This is because when you receive the cheque, Cash a/c will not be affected.