Question

journal entry of interest on deposit credited by the bank​

Answer 1

Answer:

Bank a/c Dr

To Interest a/c

Answer 2

Journal entry  of Interest deposit.

Explanation:

                                  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 on deposit received)

Note: Interest received is a gain, According to journal rule all gain must be credited.

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