Interest allowed by bank is interest credited or interest debited by bank into our account ?

Interest allowed by the bank is interest credited to our account.

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if we receive interest on bank a/c,our bank balance will increase.then we will write the journal entry as,

                                                                               bank a/c       dr

                                                                                           interest a/c

so the bank wiil DEBIT interest a/c in bank a/c,ie our account

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