how would you consider the interest on credit balance of partners' current account for firm?(a)expense (b)liability (c)income (d)loss
Answers
Answered by
2
Answer:
A) Expenses
Explanation:
Because Firm have to pay that interest.
Answered by
1
since interest on credit provided by firm to the partner is charge against profit there fore it is said to be expenses..
option A is correct answer..?
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