Question

intrest recive journal entry​

Answer 1

Cash A/c. Dr.....

To Interest Received A/c.....

[Being interest received]

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Answer 2

Journal entry

Explanation:

Given:

Interest received

                              Books of (--limited)

                                   Journal entry

Date     Account Title and Explanation      Debit     Credit

              Cash / Bank                A/c Dr.          xxx

               To Interest received A/c                              xxx

            (Being Interest received in cash or bank)

Note: Interest received is a profit or income and all profit will be credit.

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