Accountancy, asked by avanthikapradeep2004, 24 days ago

Interest on partner’s capital will be debited to………………account.

Answers

Answered by shaikhsufiyana7b12
1

Answer:

i hope it will be help you ..

Explanation:

Interest on capital is an expense to the firm and is debited to the profit and loss appropriation account. Interest is payable to the partners and hence, the partner's capital account is credited with the amount of interest.

Answered by HACKING
1

Interest on partner's capital will be debited to Profit and Loss account.

you are in my class lol

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