Question

provide 8% interest on capital on rupees 100000 for 6 months journal entry​

Answer 1

Answer:

profit and loss a/c. 4000.

to interest on capital. 4000

in case of partnership a/cs

it will be.

profit and loss appropriation a/c

Answer 2

Answer:

Interst on capital account dr 4000

To capital account 4000

♡(100000×8÷100×6÷12)= 4000