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Interest received
Interest received a/c show in P&L credit side,but which side show in Balance sheet?
Replies (8)
Asset side of the Balance sheet
Asset side it is shown as interest receivable
if interest is received it will reflect in your bank account
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..
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
It won't come in balance sheet.
It won't come in balance sheet.
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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