Accountancy, asked by rathodroshni77, 5 hours ago

when interest on capital is paid whether there is profit or loss it is known as

Answers

Answered by itzdevil786

Answer:

Interest on capital account is an appropriation. Appropriation means it is paid only and only if there is profit. It is not a charge and hence, will not be provided if there is loss or if there are profits will be provided only till the extent of profits.

Explanation:

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