Question

whai is the trial blance of loan taken​

Answer 1

Answer:

trial balance is a bookkeeping worksheet in which the balance of all ledgers are into debit and credit account column totals that are equal. ... The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.

Answer 2

Answer:

Interest paid on bank loan is an indirect expense and is debited to the profit and loss account as it is a charge against profit. In the case the total interest paid for the year is 12% of Rs 40000 i.e., 4800. The interest already paid is Rs 3800, the remaining Rs 1000 has to be paid as it is a charge against the profit. Thus Rs 1000 will be debited to the profit and loss account to pay the full amount of interest.