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Journal Entry for Interest paid to creditors towards delay in payment

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(Querist)
11 February 2024 My vendor has issued a GST invoice towards interest for outstanding payments. What will be the journal entry for the same & under which head ?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
12 February 2024 Interest A/c. Dr To Creditors A/c Interest will be clasiyas indirect expenses

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