profit and loss appropriation account me interest on loan kis side me jayega ......its urgent please tell me.........
Answers
Answered by
2
We will write down the Intrest on the Debit side of Profit and loss appropriation account...
ayushi8462:
interest on loan
ohhh but i think interest on loan is less
okk thanks
Answered by
0
Answer:
Interest on capital is shown on the debit side of the Profit and Loss Appropriation Account as a appropriation of profits whereas interest on loan is deducted from the net profit on the credit side of this account. The following are the Journal entries for Interest on Capital and Interest on Loan are given below.
Similar questions