Bank Interest Expense
Code: 5312Account Information
| Account Type | Income Statement |
| Normal Balance | Debit |
Definition
Interest paid on bank loans and credit facilities
Common Journal Entries
Dr. Bank Interest Expense
Cr. Bank Account
Dr. Bank Interest Expense
Cr. Loan Interest Payable
Dr. Bank Interest Expense
Cr. Bank Overdraft
Dr. Income Summary
Cr. Bank Interest Expense
Dr. Bank Interest Expense
Cr. Bank Account
Dr. Bank Interest Expense
Cr. Loan Interest Payable
Dr. Bank Interest Expense
Cr. Bank Overdraft
Dr. Income Summary
Cr. Bank Interest Expense