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Q . 3 . 3 Interest charged on a debtor's overdue account will be entered in the general ledger accounts as follows: ( 1 )
Q
Interest charged on a debtor's overdue account will be entered in the general ledger accounts as follows:
a
Debit Bank; credit Interest income
b
Debit Debtors control; credit Interest income
c
Debit interest income; credit Debtors Control
d
Debit Debtors control; credit interest income and VAT
e
None of the above
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