Accounting Entries On Interest Received

What is the accounting treatment of interest received on a deposit account opened in a private limited company' name but operated by a director with his personal fund and for his personal activities?

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Oct 10, 2015
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by: Anonymous

A reverse entry would be pass you will decrease your creditors by debited them by 100 and similarly decrease your debtors by credited them by 100. There are accounting booking keeping software’s to facilitate you for this purpose.
inventory management

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