Accountancy, asked by kanchansingh3605, 9 months ago

Interest on capital accounting equation

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Answered by tusharraj77123

7

Answer:

Treatment of interest on capital inaccounting equation will be as follow: In asset side, the amount of interest on capital paid will be deducted from bank or cash account. ... Whereas, in liability side, amount paid for interest on capitalwill be deducted from expense head.

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