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Received interest 14000​

Answer»

Explanation:  In this CASE INTEREST received is our income.Cash A/c Dr 14,000.00    To Interest received    14,000.00(being interest received in cash)In case interest received from Bank (Bank ALWAYS credit customer account as such entry will beBank A/c Dr 14000.00   To interest A/c (Being interest CREDITED by the Bank)



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