Provide interest on capital show accounting equations of this enrty
Answers
Answered by
0
Interest on capital is distributed among partners in partnership.
So entry will be .
Profit and loss appropriation account dr.
- To Interest on capital account........
Hope its helps u
Similar questions
Math,
6 months ago
Social Sciences,
6 months ago
Science,
11 months ago
Physics,
11 months ago
Social Sciences,
1 year ago