Question

Received Interest on bank deposit (journal entry)

Answer 1

heyaa,,
it's journal entry will be;
bank a/c Dr
to interest received a/c.
(being interest received by bank)
____________________
☺☺☺☺

Answer 2

Journal entry for received interest

Explanation:

                              Books of (-----Limited)

                                   Journal entry

Date       Account Title and Explanation       Debit     Credit

                  Bank                              A/c Dr       xxx

                     To Interest received      A/c                         xxx

(Being interest received a deposit into the bank)

Note: Money comes into the bank so, the Bank account will be debit.

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