Accountancy, asked by akshaya1543, 11 months ago

6%on loan a/c (credit) 20 000 where to be posted in final account

Answers

Answered by dhwani3101

1

Answer:

in final accounts loan will b listed in laiblites because loan is an liability of the frim

and interest of loan will b dr to profit and loss accounts as the interest is an expense for frim

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