If bank has not charged interest on cc account for march , 2020 but charged in june, 2020 .
So, how we can show it on 31.03.2020 in our books ?
Kindly guide with its entry.
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INTEREST ON CC FOR MARCH, 2020 NOT CHARGED BY BANK
Replies (2)
Quick Summary
Better to show the interest as provisionally in March...
It has to as interest accrued but not paid
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