Question

the journal entry for Interest payable to the partner after his retirement on his outstanding balance
a) Interest a/c Dr
to profit and loss appropriation a/c
b) Interest a/c Dr
to interest payable a/c
c) Interest a/c Dr
to outgoing partners loan a/c
d) Interest a/c Dr
to profit and loss account​

Answer 1

Answer:

interest a/c Dr

to interest payable a/c

Answer 2

Answer:

(b) interest a/c Dr

to interest payable a/c

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