Accountancy, asked by astuyd4387, 3 months ago

How will you show Interst on drawings in Accountiing Equation?

Answers

Answered by yroli386

17

Explanation:

Interest on Drawings is charged from the owner for the withdrawals made by him. Therefore, it is an expense for the owner and an income for the business. So, it is shown as a deduction as well as addition to Owner's Equity in the Accounting Equation.

Answered by XxBadCaptainxX

25

Answer in attachment..

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