Accountancy, asked by ananyachak18, 6 months ago

what will be the journal entry of... received interest on investments

Answers

Answered by Shädøwkïru

5

Answer:

Bank account Dr

interest income cr

Explanation:

hope it helps u

Answered by Anonymous

1

Explanation:

Interest receivable is the amount of interest that has been earned, but which has not yet been received in cash. ... When the actual interest payment is received, the entry is a debit to the cash account and a credit to the interest receivable account, thereby eliminating the balance in the interest receivable account

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