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In which head we put interest on saving bank?
Replies (6)
Under capital or indirect income in PNL
when we choose capital or indirect income
When saving bank acoc*nt is used for personal purpose that time capital or else if it is used for business purpose that time indirect income PNL
thanks it's really help me out
Indirect Incomes are Incomes earned through non business activities.
Like selling of scrap materials.Sale of carton boxes etc.Discount Received, Interest received
for your kind information, personal account we should not use for commercial activities. for that we should open current account.
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