Interest due on bank over draft treatment in final accounts
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Answered by
40
IT IS RECORDED IN
DR SIDE OF PROFIT AND LOSS AC
ADD IN BANK OVERDRAFT AS INTEREST IN LIABILITY SIDE OF BALANCE SHEET
DR SIDE OF PROFIT AND LOSS AC
ADD IN BANK OVERDRAFT AS INTEREST IN LIABILITY SIDE OF BALANCE SHEET
Answered by
15
Hey mate ✌️✌️
Interest due on bank over draft treatment in final accounts⬇️⬇️⬇️⬇️
Recorded in debit side of profit and loss account.
✨ Hope this helps you ✨
Interest due on bank over draft treatment in final accounts⬇️⬇️⬇️⬇️
Recorded in debit side of profit and loss account.
✨ Hope this helps you ✨
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