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
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Quick Summary
Better to show the interest as provisionally in March...
It has to as interest accrued but not paid
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