Advertisements
Advertisements
Question
What adjusting entries would you record for the following:
Interest on capital
Journal Entry
Solution
| Dr. | Profit and Loss Account | Cr. | |
| Particulars | Amount | Particulars | Amount |
| Interest on Capital | |||
| Balance sheet | |||
| Liabilities | Amount | Assets | Amount |
| Capital | |||
| Add: Interest on Capital | |||
shaalaa.com
Interest on Capital
Is there an error in this question or solution?
