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Question Practice

What adjusting entry would be made for accrued interest income of $300?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

What adjusting entry would be ...

Single Answer MCQ
Q-00053617

What adjusting entry would be made for accrued interest income of $300?

1

Cash Account Dr. $300; Interest Income Cr. $300

2

Interest Receivable Dr. $300; Interest Income Cr. $300

3

Interest Expense Dr. $300; Cash Cr. $300

4

Interest Income Dr. $300; Interest Receivable Cr. $300

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