Hi Friends,
What will be Journal entry for the follwing -
We have accepted a bills payable of 90 days with 1 % interest on Rs 2.5 lacs So how we can journalize the same ?
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Journal Entry
Replies (7)
Party a/c Dr.
To bills payable a/c
| Originally posted by : kamal kishor sen | ||
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Party a/c Dr. To bills payable a/c |
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Party a/c Dr. 2,50,000
Interest A/c Dr. amount of interest
To Bills Payable Total amount
agree with NIDHI
totally agree with Nidhi
yes,nidhi is correct..
Amount ??
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