Interest received

Vinaya Kumara K H

Accounts Executive

259 Points Posted on 26 February 2018

Asset side of the Balance sheet

Miss Mansi Bhojani

Practicing Chartered Accountant

1736 Points Posted on 26 February 2018

Asset side it is shown as interest receivable

Miss Mansi Bhojani

Practicing Chartered Accountant

1736 Points Posted on 26 February 2018

if interest is received it will reflect in your bank account

Sana Sultana Mussu

Student

5119 Points Posted on 26 February 2018

If i am not wrong- interest received will not appear in Balance sheet.. if it is "receivable" or "received in advance" only then it can be shown under balance sheet..

Miss Mansi Bhojani

Practicing Chartered Accountant

1736 Points Posted on 26 February 2018

yes you are right but previously some one has mentioned answer to the query as asset side so i clarified that asset side it will appear if it is receivable and if it is received as the query says than it will reflect in you bank account

VINEETH.R

FINANCIAL ACCOUNTANT

458 Points Posted on 26 February 2018

It won't come in balance sheet.

VINEETH.R

FINANCIAL ACCOUNTANT

458 Points Posted on 26 February 2018

It won't come in balance sheet.

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 26 February 2018

Interest Received is shown under PandL account. It's not fall under Balance Sheet...

In case Interest will be receivable then we can show it in Balance Sheet. Otherwise Incomes and Expenses not come to Balance Sheet...

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Interest received

Pradeep Kumar Reddy

Vinaya Kumara K H

Miss Mansi Bhojani

Miss Mansi Bhojani

Sana Sultana Mussu

Miss Mansi Bhojani

VINEETH.R

VINEETH.R

RAJA P M

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