Hey!!!!!!!!!
Pleased answer my question.
What do u mean by INTEREST RECEIVABLE in final accounts. How to adjust it?????????
Answers
Answered by
1
Interest receivable means that interest which we earned but not received till now.
It is also called Accrued Interest
It is add in the interest on the credit side of profit &loss a\c because it is an income for us and it is shown on the asset side of the balance sheet bcoz it is an asset for us
I hope you understand
It is also called Accrued Interest
It is add in the interest on the credit side of profit &loss a\c because it is an income for us and it is shown on the asset side of the balance sheet bcoz it is an asset for us
I hope you understand
jesse200232:
Import duties comes into which account
Trading or profit and loss account
Which side
in trading a\c on dr. side
bhai jab aata nhi h to galat answer bhi kyu deta h
Answered by
1
INTEREST RECEIVABLE MEAN.
INTEREST WHICH IS DUE RECIVED.
IT IS ALSO CALLED * ACCRUED INTEREST *
IT IS REPORTING IN DR SIDE OF PROFIT AND LOSS AC.
MAYBE IT HELPS YOU...
on cr. side bri
bro
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