Hey,
Do you know what interest received is? Is it an expense, income or liability?
![]() |
Hey,
Do you know what interest received is? Is it an expense, income or liability?
Interest that YOU receive is REVENUE.
It is something that you EARNED.
So therefore, it is revenue, aka income
The JE would be:
Dr. Cash
Cr. Interest Revenue
All times are GMT -7. The time now is 06:10 PM. |