Question

journal entry for interest paid to Mr x by cash

Answer 1

interest debit cash credit

Answer 2

Interest paid

Explanation:

                             Books of (----Limited)

                                  Journal entry

Date        Account Title and Explanation     Debit   Credit

               Interest expenses  A\c Dr.              xxx

                 To   Cash/Bank               A\c                        xxx

            (Being Interest expenses is paid to Mr. X)

Note: Interest paid is an expense for the firm and all-expense must be debited.

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