Question

interest accrued on investment rs 200​

Answer 1

Answer:

Accrued Interest Income Journal Entry

Accrued Interest Income

A business earns interest on its money deposits of 1,000 but does receive the amount into its bank account until after the month end. As the income has been earned but not received, it needs to be accrued for in the month end accounts.

The double entry bookkeeping journal entry to show the accrued interest income is as follows:

Accrued Interest Income Journal Entry

The accounting records will show the following bookkeeping transaction entries to record the accrued interest income.

Accrued Interest Income Journal

Account Debit Credit

Accrued Interest Income 1,000

Interest Income 1,000

Total 1,000

Answer 2

question is incomplete at least once asked full question