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What is the journal entry of interest due not paid?
debit interest expensecredit interest payable
How will you pass journal entry for unexpired interest?
debit unexpired interestcredit interest paid
What is the journal entry to record interest expense not yet paid?
debit interest expensescredit interest payable
What is the journal entry for paid interest on the bank loan?
The journal entry for paid interest on a bank loan involves debiting the Interest Expense account and crediting the Cash account. For example, if $500 in interest is paid, the entry would be: Debit: Interest Expense $500 Credit: Cash $500 This reflects the expense incurred for borrowing and the reduction in cash due to the payment.
Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is the journal entry to interest receivable?
debit interest receivablecredit interest income
What is the journal entry for interest on credit?
debit interest receivablecredit interest income
What will be the journal entry when interest allowed by the bank?
interest allowed by bank
How do you made a journal entry for loan repayment schedule?
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
What is the journal entry of accrued interest?
[debit] Interest expense [credit]interest payable
What is the journal entry when a client owes interest?
Debit interest receivableCredit interest income
