Accountancy, asked by shivanishma, 1 year ago

what is accounting equation when interest on capital 1000

Answers

Answered by sujiritha95

accounting equation

increase in capital by 1000 and decrease in capital by 1000

hope its useful ...!!!!!!!!!

sujiritha95: pls mark it as brainliest answer

shivanishma: How

sujiritha95: Being an expense of the business, this will reduce the capital by the amount of interest and on the other hand interest on capital would be added to the capital of the proprietor.

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