Accountancy, asked by kk0579720, 11 months ago

provided interest on capital ki journal entry

Answers

Answered by Bhomikkumar

Answer:

Accounting and Journal Entry for Interest on Capital

Interest on capital is an expense for the business and is added to the capital of the proprietor thereby increasing his total capital in the business. It is not paid in cash or by the bank.

Answered by khuntiajitendra1997

accounting and journal entry for interest of capital interest on capital is an expence for the business and is added to the capital of the proprietor there by increasing his total capital in the business. it is not paid in cash or by banking

Previous Question

Next Question

Similar questions

Hindi, 5 months ago

Varno ke karmik samuh ko kya kehte hai...

History, 5 months ago

6. Apart form coins, inscriptions, and architectures, historians also use tawarikh, written by learned men, to know about the administration of the Delhi Sultanate. Which language were tawarikh written in? *...

English, 5 months ago

Nine class unit 1 section c অল টি answer...

Accountancy, 11 months ago

Ram Das of Hyderabad consigned goods costing Rs. 72,000 to Prakash of Cochin at a pro-forma invoice price which is cost plus a profit of 1/6th on invoice price. The consignor paid Rs. 1,800 as insurance and other charges. Prakash received the goods and paid Rs. 3,000 for freight and other charges. He was allowed 3% commission on gross sales. 3/4th of the goods were sold at 33.33% profit on cost,...

Psychology, 11 months ago