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Is interest receivable debit or credit?

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Anonymous

∙ 8y ago
Updated: 10/3/2021

debit

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Alvera Stehr ∙

Lvl 10
∙ 3y ago
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Related Questions

What is the journal entry for interest receivable?

[Debit] Interest Receivable [Credit] Interest Income


Does interest receivable have credit or debit balance?

credit


What is the journal entry for accrued interest expense on Notes Payable?

debit interest expense, credit interest payable for the accrued amount


Is a Decrease in Interest Receivable a credit or debit?

a decrease in a receivable is a decrease in an asset therefore its a credit.


What is the journal entry for dividends receivable?

Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit


What is receivable allowance debit or credit?

credit


Is commission receivable a credit or debit?

commission receivable is credited


What is the journal entry to record accrued interest income from note receivable?

[Debit] Accrued interest income [Credit] Notes payable


Is a decrease in accounts receivable debit or credit?

A Credit entry reduces Accounts Receivable


What is the journal entry for interest earned on marketable securities but not received?

[Debit] Interest receivable on marketable securities [Credit] interest earning on marketable securities


Are accounts receivable a debit or credit on trial balance sheet?

Debit


What is the double entry for sale?

Cash/Bank/Accounts Receivable [Debit] Sales[Credit]

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