Hey guys please answer this.......
Tell me about interest on drawings and interest on capital.
Where they should be recorded?? In trial balance.
Answers
Answered by
1
Interest on drawings on credit side
Interest on capital on debit side
Interest on capital on debit side
jesse200232:
Hey I need explanation
Not its treatment
???????????????
!!!!!!!!!!
Answered by
0
Answer:
interest on capital will b recorded on credit side of capital account and interest on drawing will b recorded on debit side of capital account
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