Question

The Journal Entry to transfer interest on capital to Profit and Loss Appropriation Account would be:

विकल्प

• Interest on Capital A/c    Dr.
     To Profit & Loss Appropriation A/c

• Profit & Loss Appropriation A/c      Dr.
      To Interest on Capital A/c

• Profit & Loss A/c     Dr.
  Partner's Current A/c   Dr.
      To Interest on Capital A/c

• None of the above

Answer 1

Profit & Loss Appropriation A/c      Dr.
    To Interest on Capital A/c