Accountancy, asked by vrundapreethi, 11 months ago

Which account does intrest belong to income or expense

Answers

Answered by himanshibazzad1

1

Answer:

interest belong to income

vrundapreethi: Thank u

himanshibazzad1: your welcome

Answered by zainakhan1179

0

Answer:

interest belong to both expenses as well as income depend on the situation .

such as firm received borrowed money at interest

than firm pay interest on borrowings so it so expenses account or vice versa

I hope it will help you

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