801 – Interest Earned

Additions to Income

Synopsis

Account 801

Debits

Credits

 

  1. The amount of all interest and/or dividends earned.

 

Remarks:

This account includes interest and/or dividends earned from: excess cash on deposit - refer to Cash In Bank (Account 202), customer notes - refer to Customer Accounts (Account 220), and marketable securities - refer to Securities (Account 260).