Question

charge interest on capital 10000​

Answer 1

Answer

Golden Rules of Journal

Personal account rule

Debit- The receiver.  

Credit- The giver.  

Real account rule

Debit- What comes in.  

Credit- What goes out.  

Nominal account rule

Debit- All expenses and losses.  

Credit- All incomes and gains.  

Now

The journal entry will be

Interest on capital A/C        DR    ₹ 10000

              To Capital A/C                            ₹ 10000

(Being charge interest on capital 10000​ )

                                                                                                                   

Answer 2

Answer:

Group is most helpful to make final account according the the nature of organisation , but ledger creation is not helpful for any redesigning of final account in tally 9