Question

treatment of 6% loan from ranga (taken on 1-7-2010) in final accounts by the end of the year 31-3-2011​

Answer 1

Answer:

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Answer 2

Show in credit side :-

By interest on loan - - - -

Amt. × 6/ 100 × months from 1.7.2010 to close of the financial year.

Thanks.