Accountancy, asked by stylishchaitu3510, 8 months ago

Interest due on investment rs 2500 was not recorded in the book

Answers

Answered by Hemalathajothimani

Explanation:

Interest on investment, if it is an item of adjustment will be shown at two places. These places will be credit side of profit and loss account and the assets side of the Balance sheet, where it will be added to the value of investment, appearing in the Trial balance.

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