Accountancy, asked by prahladpgoswami, 1 month ago

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 symistry143
2

Answer:

A) Expenses

Explanation:

Because Firm have to pay that interest.

Answered by abutalib70
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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