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    shraya's Avatar
    shraya Posts: 4, Reputation: 1
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    #1

    Mar 22, 2012, 10:34 PM
    Interest income of rs 1000 received on bank balance
    Please reply soon just to clear my douts
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 23, 2012, 11:04 AM
    Debit Cash for 1,000
    Credit Interest Revenue for 1,000
    shraya's Avatar
    shraya Posts: 4, Reputation: 1
    New Member
    		  
    #3

    Mar 24, 2012, 10:10 AM
    Hi,
    Thanks for reply. But why here cash debited why not bank ,please ans
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #4

    Mar 26, 2012, 10:09 AM
    A cash increase to a company is a debit (your Company), while a cash decrease will be a credit (Bank).
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