(Charge interest on Capital @ 10% per annum on * 1,20,000) journal entry
Answers
Answered by
1
Answer:
Interest on capital dr 12,000
To interest 12,000
Answered by
1
Answer:
$12,000
Explanation:
principal =$1,20,000, rate =10,time=1year
interest =?
=PxTxR
100
=1,20,000x10x1
100
=1,200x10
=$12,000
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