Is bank interest payable credit or debit?

1 answer

Answer

1227039

2026-03-02 20:25

+ Follow

All kind of payables have a credit balance as a default or normal balance. So by following this rule, bank interest payable also has a credit balance as normal balance.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.