Accountancy, asked by anncarolineansen, 5 hours ago

interest on investment earned but not received...does this go in income side or expense side? ​

Answers

Answered by 0llDHANASHRIll0
1

Interest receivable is the amount of interest that has been earned, but which has not yet been received in cash. The usual journal entry used to record this transaction is a debit to the interest receivable account and a credit to the interest income account.

Answered by zahra7jsr
0

interest on investment earned but not received goes to expense side

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