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
7
Answer:
answer d is correct.
Explanation:
Expense because firm has to pay to the partner
Answered by
2
Answer:
a. income
Explanation:
interest on debit balance of current account is expense for partner and income for business
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