Accrued interest
This query is : Resolved
20 September 2012
what's the proper entry at the time for the interest accrued on income & For when it is received.
20 September 2012
INTEREST ACCRUED A/C DR.
TO INTEREST RECEIVED
BANK/CASH A/C DR.
TO INTEREST ACCRUED
TO INTEREST RECEIVED
BANK/CASH A/C DR.
TO INTEREST ACCRUED
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