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Received interest 14000 |
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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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