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debit unexpired interest
credit interest paid
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∙ 9y ago
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How do you pass journal entry if company take t he loan from bank includes interest?
debit bank accountcredit loan from bankwhen interest incurreddebit interest on loancredit loan from bank
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
When to pass journal entry for salary?
debit salary expensecredit cash
Pass the journal entry for loss by theft?
loss by theft A/c to purchases
How do you pass journal entry for cash in hand?
Debit cash in handCredit bank
How do you pass journal entry if company take t he loan from bank includes interest?
debit bank accountcredit loan from bankwhen interest incurreddebit interest on loancredit loan from bank
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
When to pass journal entry for salary?
debit salary expensecredit cash
Pass the journal entry for loss by theft?
loss by theft A/c to purchases
How do you pass journal entry for cash in hand?
Debit cash in handCredit bank
How do you rent payment pass the journal entry?
debit rent expensecredit cash / bank
How do you pass journal entry for cash sales?
Cash a/c Dr. To Sales a/c
How do you pass journal entry for discount allowed?
Debit cash / bankCredit discount allowed
How do you pass journal entry if company take the loan from bank?
debit cash / bankcredit loan from bank
How do you pass journal entry for loan received to introduce capital?
Debit cash / bankCredit share capital
How do you pass journal entry for returning purchased goods?
debit accounts payable/ cashcredit purchase returns
How do you pass journal entry for cash deposited in bank in tally?
debit bankcredit cash
