Accountancy, asked by Archit44gupta, 10 months ago

Interest on capital then give the accounting equation??

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Answered by Anonymous

Treatment of interest on capital in accounting 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 capital will be deducted from expense head.
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Answered by chinu1618

Answer:

treatment of interest on capital in accounting equation will be as follow: in asset side the amount of interest in capital paid will be deducted from bank or cash account whereas in liability side amount paid for interest on capital will be deducted from expense head

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