Accountancy, asked by Faisalmuhammed476, 9 months ago

Difference between interest on capital and interest on drawings

Answers

Answered by harshmishra19083

Answer:

interest on capital is expense for firm

interest on drawing is income for firm

Answered by nehajswl

Answer:interest on capital is provided by the business so it is expense and interest on drawing is income because the partners who withdraw the amount is payable the interest to the business..

Explanation:

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