Interest paid to recharge Rs 2500
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Interest paid to recharge.... So
There interest is debit because business has to pay the interest and for the business cash is credited bcz business has to pay the cash in the form of interest
so its journal entry will be
Interest a/c. Dr. 2,500
... To cash a/c.. 2500
(. Being interest paid in the form of cash.)
There interest is debit because business has to pay the interest and for the business cash is credited bcz business has to pay the cash in the form of interest
so its journal entry will be
Interest a/c. Dr. 2,500
... To cash a/c.. 2500
(. Being interest paid in the form of cash.)
Answered by
0
interest account dr.2500
to cash account 2500
(being interest paid)
to cash account 2500
(being interest paid)
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