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Bank charged interest on overdraft Rs. 500 journal entry​

1 Answer

6 votes

Answer:

interest is overdraft a/c.

Step-by-step explanation:

In the cash book the above entry would be recorded on the credit side and as we know that pass book is an exact opposite record of the cash book so, interest on bank overdraft would be recorded on the debit side of the pass book

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User Benishky
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