Accountancy, asked by mannsingh23005, 3 months ago

Allow interest on capital 8,000.

Answers

Answered by sabyasachibanik517

Explanation:

Explanation: When the interest on capital is allowed interest on capital account is debited and capital account is credited. It is called as an adjusting entry. Adjusting entries are usually done at the end of the year for incomes and expenses.

Answered by cgaff444

Explanation:

When the interest on capital is allowed interest on capital account is debited and capital account is credited. It is called as an adjusting entry. Adjusting entries are usually done at the end of the year for incomes and expenses.

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