Accountancy, asked by bhavana0599, 18 days ago

A company paid $5000 cash to its bank. The payment was for $4000 of principal and $1000 of interest incurred this period. The loan had been taken out to finance the construction of a new piece of production equipment.
What is the correct journal entry?

Answers

Answered by xxharshrajputxx1

0

Explanation:

How the cost of production is calculated with the help of variable costing?

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