Accountancy, asked by Hgfufhgkh, 11 months ago

Interest paid on bank loan rs1000
.journal entry

Answers

Answered by Monipooj

24

Answer:

Interest A/c Dr. 1000

To cash A/c. 1000

(interest paid on loan)

Answered by AbhilashaM

12

Answer:

Bank loan a/c Dr. 1000

To Bank a/c 1000

(Being interest on bank loan paid)

Explanation:

Above stated entry is compound effect of two entries.

Bank loan a/c Dr. 1000

To Intt on Bank loan a/c 1000

(Being interest due on bank loan)

Intt on Bank loan a/c Dr. 1000

To Bank a/c 1000

(Being interest on bank loan paid)

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