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    mike1648's Avatar
    mike1648 Posts: 1, Reputation: 1
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    #1

    Apr 16, 2010, 12:05 PM
    Interest revenue in cash receipt journal
    Where is the interest revenue recorded in the cash receipt journal?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    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.
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