Accountancy, asked by student7593, 3 months ago

final account
adjustment:-
interest 500 due from bank​

Answers

Answered by reddysekhar17mcom
0

Answer :

Explanation :

Interest due from Bank means Receivable interest.

  1. One time Receivable interest is posted in profit and loss Account credit side.
  2. Second time is posted on Assets side of the balance sheet.
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