Accountancy, asked by michealmickey9482, 1 year ago

Interest paid to recharge Rs 2500

Answers

Answered by sachinarora2001
0
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.)
Answered by trinabh74
0
interest account dr.2500
to cash account 2500
(being interest paid)
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