Preserved remains of organisms are known as fossils.
Fossils are generally <u>remains of ancient dead living organisms, including plants and animals</u>. Fossils can be in the form of bones, shells, or even an animal’s imprint.
These things help Charles Darwin in proving his theory of evolution, which states that heritable characteristics in living organisms change over several generations.
To Interest receivable ($44,400 × 15% × 120 days ÷ 360 days)
(Being the cash received is recorded)
Here we debited the cash as it increased the assets and at the same time we credited the interest receivable and the note receivable as it decreased the assets
