Accountancy, asked by anandpande107, 5 months ago

12% Bank Loan Rs 40,000,
interest paid Rs. 3,800. Interest
debited to profit and loss
account will be

Answers

Answered by yashjainnnt

2

Answer:

4800

Explanation:

3800 paid and 1000 to be paid (outstanding)

total interest 12% of 40000 = 4800

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