Interest on receivables

Geetha N (Student CA CPT ) (54 Points)

29 May 2015  

What is the entry for

1. Interest receivables

2. Transfer of Int receivable to P&L A/C.

3. Interest received.

4. Interest accrued but not received

5. Cancellation entry for Interest receivable as interest amt not received.

6. How is the effect of interest receivable cancellation shown in the P&L a/c?

Plz answer....