is trial balance as 31 december 20x2 contain the following information. 12% bank loan rs 40000 interest paid rs 3800. interest debited to the profit and loss account is
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Answer:
4800
Step-by-step explanation:
total amt of interest=40000*12/100= 4800
given : interest paid =3800
so 4800-3800 =1000 is the interest on loan ourstanding.
However, debit side of p/L a/c
interest on loan. 3800
+ interest outstanding. 1000.
4800
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