Question

in company final accounts interest paid is treated as

Answer 1

Answer:

In the final accounts, it is shown as an expense on the debit side of the profit and loss account and added to capital in the balance sheet.

Explanation:

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Answer 2

Answer:

In the final accounts, it is shown as an expense on the debit side of the profit and loss account and added to capital in the balance sheet.

Explanation:

It is added to the amount of capital in the balance sheet and shown on the debit side of the profit or loss account. It is the amount of interest, which is allowed on the loan

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