DR - Interest Expense
CR - Interest Payable
[debit] Interest expense [credit]interest payable
Debit Accrued Interest Expense Credit Accrued Interest Payable
debit interest expensescredit interest payable
debit interest receivablecredit interest income
debit interest expensedebit bond premiumcredit cash
expense
In this voucher a user calculate only adjustment entry transaction are made like- outstanding expense,prepaid expense, interest on capital,etc .
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
debit interest expense, credit interest payable for the accrued amount
Payable Account XXX Expense Account XXX
what is the entry for an excess payment from customer
debit interest receivablecredit interest income