Accrued interest entries

A/c entries 1592 views 1 replies

Dear Friends , 

 

I am cracking my mind but not able to get the exact accounting entries. Can you please look at the bank accrued interest amount and the actual interest received so that the difference can be booked as accrued interest. Please do take a look and advise me as to what should be the entries. 

 

Regards,

Ravi ravi.exe @ gmail.com  


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Replies (1)

for accrued interest    Interest Recevable A/c (current assets) Dr to Bank interest A/c(indirect income)

Interest Received  Respective Bank A/c  Dr To Bank Interest A/c


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