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प्रश्न
What is the journal entry to be passed for providing interest on capital to a partner?
उत्तर
(a) For providing interest on capital
| Date | Particulars | L.F. | Debit (₹) |
Credit (₹) |
| Interest on Capital A/c ........Dr. To Partner’s Capital current A/c |
xxx - |
- xxx |
(b) For closing interest on capital account
| Date | Particulars | L.F. | Debit (₹) |
Credit (₹) |
| Profit and Loss appropriation A/c ........Dr. To Interest on Capital A/c |
xxx - |
- xxx |
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