Accountancy, asked by anujajayakumar001, 11 months ago

I want to know how to treat loan due for 9 months and loan 20000@6%

Answers

Answered by wwwpayalshah0406com

1

Answer:

Interest on loan is 900

Explanation:

Loan= 20000

rate=6% for 9 months

Interest on loan= 20000×6/100×9/12

=900

So Interest on loan is 900

Hope it helps you

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