Question 1
Consider the following statement.
1. Interest on capital is an expense for the proprietor.
2. Interest on capital is shown on the debit side of profit and loss account.
3. It is added to the capital in the balance sheet.
Choose the correct option.
1,11 ,III are correct
Both ll and Ill are correct
Both I and II are correct
1.11.III are incorrect
Answers
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Answer:
2 and 3 is correct
Explanation:
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