Accountancy, asked by mohammadkaifpathan78, 5 months ago

4. How would you consider the interest on debit balance of partner's current account for firm ?
a income
b. Loss
c. Liability
d. An expense​

Answers

Answered by sangeetajainlunkad
7

Answer:

answer d is correct.

Explanation:

Expense because firm has to pay to the partner

Answered by cpclasses1987
2

Answer:

a. income

Explanation:

interest on debit balance of current account is expense for partner and income for business

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