Interest payable journal entry
This query is : Open
14 July 2014
Hello Everyone,
Loan taken for Rs.8 lacs on 17.4.12 and repaid till 27.7.12 ROI 8 percent.What would be the journal entry for the Interest payable?
Loan taken for Rs.8 lacs on 17.4.12 and repaid till 27.7.12 ROI 8 percent.What would be the journal entry for the Interest payable?
14 July 2014
1.At the time of booking,entry will be
Interest a/c Dr
To Interest Payable
2.At the time of payment
Interest Payable a/c Dr
To bank/Cash
Interest a/c Dr
To Interest Payable
2.At the time of payment
Interest Payable a/c Dr
To bank/Cash
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
