Accountancy, asked by navneetprasadsahu012, 23 hours ago

the opening balance of partners capital a/c is used to calculated
(a) Interest on capital
(b)Interest on drawings
(c) Drawings
(d) share in loss​

Answers

Answered by adityakumar28122007
3

Answer:

option a. Interest on capital

Answered by charishmakosireddy
1

Answer:

option a

Explanation:

Interest on partner's capital is an amount at an agreed rate of interest which is credited to a partner based on the amount of capital contributed by him/her.

Interest on partner's capital is an expense to the firm and hence debited to profit and loss appropriation A/c. On the other hand it is an income for partners and hence credited to partner's capital A/c.

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