If a customer owes interest on accounts receivable,the Interest Revenue account is debited and Accounts Receivable is credited.

Name: If a customer owes interest on accounts receivable,the Interest Revenue account is debited and Accounts Receivable is credited.
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In accounting, when interest is owed on accounts receivable, the Interest Revenue account is credited to recognize the income, and Accounts Receivable is debited to increase the amount owed by the customer.

If a Customer Owes Interest on Accounts Receivable,the Interest Revenue