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  • Aug 17, 2009, 01:37 AM
    saira khan
    Adjusting entries
    Bank over draft is 7400 in trial balance and six months interest on over draftis due at 18% p.a. do tell me the adjusting entry of this.
  • Aug 17, 2009, 01:41 AM
    saira khan
    Quote:
    Originally Posted by saira khan View Post
    bank over draft is 7400 in trial balance and six months interest on over draftis due at 18% p.a. do tell me the adjusting entry of this.
    This entry is taken fron five year from the year 1997 Regular.
  • Aug 17, 2009, 10:47 AM
    rehmanvohra

    Calculate the amount of interest and record the adjusting entry debiting interest expense and crediting bank overdraft

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