Show the journal entry for Interest due but not received Rs 4,000 PLs no links - Accountancy - Recording of Transactions - I

Question

Show the journal entry for Interest due but not received Rs 4,000
PLs no links

Rashi Lokwani · Accepted Answer

Dear Student,

Here,Interest is an income and thus will be credited Interest due
but not received or accrued interest is an asset and thus will be
debited
JOURNAL ENTRY

Date
Particulars
L f
Amount Dr
Amount Cr

Accrued Interest a/c Dr

4000

To Interest a/c

4000

(Being interest due but not received)

Regards

Particulars	Amount Dr.	Amount Cr.
Accrued Interest a/c Dr.	4000
To Interest a/c		4000
(Being interest due but not received)

Show the journal entry for Interest due but not received Rs 4,000.PLs no links