- Jul 7, 2015
- Reaction score
Hello all, Pls I am doing BRS for the first time for the account type that is bank OveraDraft account. So question is in the bank statement in particulars column it is written "Int coll : 1-4-2014 to 30-4-2014" in the withdrawal column amt is rs. 30,000/- so what should be the entry ? Generally when bank collects interest entry is Interest a/c....Dr. To bank a/c...Cr. Now this is an OD account so pls guide me I have heard that in OD account entry will be opposite.