Accountancy, asked by sachinsharmass086, 1 year ago

interest charged on loan ( journal entry )

Answers

Answered by manish2808

1

Journal entry for interest on loan taken

Interest expense account Dr.
To Loan liability account

Previous Question

Next Question

Similar questions

English, 7 months ago

I WANT FUNNY QUIZ IN ENGLISH...

Math, 7 months ago

In a rhombus each side is 10cm long and one diagonal is 12cm long. Find the area of the rhombus. Find the altitude to any side.

English, 7 months ago

No vice like avarice light statment ch, in the kingdom of fools...

English, 1 year ago

write a letter to the editor of a daily newspaper appealing for a help for building a multi specialty hospital...

Hindi, 1 year ago

Bharat me kul Kitni Rajdhani hai...

Science, 1 year ago

Why do we cover plug pin holes which are within the reach of children with cellotape or a plastic cover when not in use? Answer: The child may put his/her fingers into the socket and he/she may get an electric shock which could be fatal...

Science, 1 year ago

What is electrical resistivity? In a series electrical circuit comprising of a resistor having a metallic wire, the ammeter reads 5 A. The reading of the ammeter decreases to half when the length of the wire is doubled. Why?

Sociology, 1 year ago

Give a brief account of Hitler’s entry into the World War II. Answer: In September 1939, Germany invaded Poland with the result that it started a war with France and England. In September 1940, Tripartite Pact with Italy and Japan and Germany was signed. By the end of 1940, Hitler had almost won all the wars. Hitler attacked the Soviet Union in June 1941. The Soviet Red Army gave a crushing...