receive interest on investment by cheque plzz tell me in which side it wourbe and in which collom
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It will be written in the left side of the cash book.
hope its help u
hope its help u
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The Journal Entry will be : Bank A/C. Dr. Rs.xxx To Interest on Investment A/C. Rs.xxx (Being interest on investments received) In the Cash Book, On the debit side, Write " To interest on Investments" with respective amount in the Bank Column
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