Question

Received interest from mukund
Journal entrt

Answer 1

Answer:CASH A/C .....Dr

To interest a/c

Explanation:because = cash comes in

Interest is an income

Cash a/c is real a/c

Interest a/c is nominal a/c

Rules aplied-

1 debit what comes in

2 credit all incomes and gains

Answer 2

Answer:

cash a/c

to interest a/c

hope it helps u

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