The bank has credited an interest of Rs 100 in the account. Which account shall be debited in such case?

Interest (Income) account

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Bank account

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Interest (Expense) account

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Drawings account

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Solution

The correct option is B
Bank account

Bank account shall be debited on receipt of such interest.

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The bank has credited an interest of Rs 100 in the account. Which account shall be debited in such case?

The correct option is B Bank account Bank account shall be debited on receipt of such interest.

The correct option is B
Bank account

Bank account shall be debited on receipt of such interest.