Journal entry

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7 Points Joined November 2018
Interest on overdraft charged by bank on 1.4.19 so what will be journal entry for 2018 -19?
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On 10 August 2019 at 20:23 Report
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7558 Points Joined November 2011
no entry in 2018-19 as bank has charged it in 2019-20
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On 10 August 2019 at 21:22
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
If interest for the month of March-19 then provide payable entry in Your books of accounts...

Dr. Interest on OD - XXXX
Cr. Interest Payable on OD - XXXX


(Interest payable in Provisions (current liability))
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On 10 August 2019 at 22:54


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