Accountancy, asked by missseth708, 7 months ago

State 2 differences between Interest on capital allowed to partners and

interest on drawings charged to partners.

Answers

Answered by anujaladwa111

3

Answer:

When the Interest on drawings is charged to partners, Interest on Drawing Account is credited, and Partner's Capital Account is debited.

Previous Question

Next Question

Similar questions

Math, 3 months ago

Find the zerues of the following polynomi and verify the relationship between er cofficient pe p (t)= t2-15 ...

English, 3 months ago

The country is run by rank holders. Identify the False Statements. Rectify and rewrite the same.

History, 3 months ago

The role of Upendra kishor Ray Chowdhury expansion in Printing Press? 4...

Social Sciences, 7 months ago

what is the main feature of laterite soil...

Science, 7 months ago

रंग के पुष्प वाले पौधे बीवी का संस्करण एक सफेद रंग के पुष्प वाले पौधे बीवी से कराया जाता है निम्न प्रश्नों के उत्तर दीजिए प्रथम पीढ़ी एफ वन में प्राप्त होने वाले पौधे के प्रकार रंग पुष्प का रंग बताएं...

India Languages, 11 months ago

मराठी निबंध माझा मित्र...

Geography, 11 months ago

read the following statements careful a correct the wrong ones and write them down due to its mild and warm climate people from the west European region are not energetic...

English, 11 months ago

I have not read the book change into simple past...