Accountancy, asked by keshav2810, 8 months ago

interest on partners loan is to be treated as what

Answers

Answered by Anonymous

Answer:

Interest on partners' loan is a charge against profit, that is, whether there is profit or loss for the firm, this interest is to be provided. Hence, interest on partners' loan is transferred to profit and loss account

HOPE THIS HELPS YOU!!!

Answered by 9565Ranaji

Answer:

hey mate !!!!!!!

Explanation:

Tutorial note: Interest on partners' loan is a charge against profit, that is, whether there is profit or loss for the firm, this interest is to be provided. Hence, interest on partners' loan is transferred to profit and loss account.

plz mark as brainlist plz

Previous Question

Next Question

Similar questions

Social Sciences, 4 months ago

this is 15 to 20 kilometre wide marshy strip just south of the bhabar and runs parallel to it. which are these plains?

Computer Science, 4 months ago

The <TD> tag must always be present inside the ___ tag?

Math, 4 months ago

solve. x-1/3 +( 5/3+x/2)=8...

English, 8 months ago

I m seen atleast once in a day by you. I consist of many layers . Who am i??