TRANSACTION : Bank paid insurance premium ₹2000 and collected interest on investment ₹ 3300
I want to know what will be the journal entry for the above transaction
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Insurance premium A/c Dr. 2000
To Bank A/c. 2000
(being insurance premium paid
by bank)
Bank A/c Dr. 3300
To interest on investment A/c. 3300
(being interest on investment
collected by bank)
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