PDA

View Full Version : Interest revenue in cash receipt journal


mike1648
Apr 16, 2010, 12:05 PM
Where is the interest revenue recorded in the cash receipt journal?

ROLCAM
Apr 16, 2010, 05:21 PM
All receipts are CREDITS.
Interest revenue is a cash receipt.
It usually appears as an entry in the bank statement.
The cash receipt journal is the recipient of receipts.
Firstly of course the cash sales,
The interest received , the cash dividends and other miscellaneous receipts.