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-   -   Interest income of rs 1000 received on bank balance (https://www.askmehelpdesk.com/showthread.php?t=645436)

  • Mar 22, 2012, 10:34 PM
    shraya
    Interest income of rs 1000 received on bank balance
    Please reply soon just to clear my douts
  • Mar 23, 2012, 11:04 AM
    pready
    Debit Cash for 1,000
    Credit Interest Revenue for 1,000
  • Mar 24, 2012, 10:10 AM
    shraya
    Hi,
    Thanks for reply. But why here cash debited why not bank ,please ans
  • Mar 26, 2012, 10:09 AM
    pready
    A cash increase to a company is a debit (your Company), while a cash decrease will be a credit (Bank).

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