Question

interest receive which kind of account ​

Answer 1

Answer:

Account Types

Account Type Debit

INTEREST INCOME Revenue Decrease

INTEREST PAYABLE Liability Decrease

INTEREST RECEIVABLE Asset Increase

INVENTORY Asset Increase

Answer 2

Explanation:

Interest Revenues are nonoperating revenues or income for companies not in the business of lending money. For companies in the business of lending money, Interest Revenues are reported in the operating section of the multiple-step income statement.