Accountancy, asked by shahbazarsh00, 4 months ago

received interest 14000

Answers

Answered by dhamija326

0

Answer:

Explanation: In this case Interest received is our income.

Cash A/c Dr 14,000.00

To Interest received 14,000.00

(being interest received in cash)

In case interest received from Bank (Bank always credit customer account as such entry will be

Bank A/c Dr 14000.00

To interest A/c

(Being interest credited by the Bank)

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