Question

where come interest paid 8n final account​

Answer 1

FINAL ACCOUNT : Interest on loan, Investment & Depreciation

Amount payable towards interest on loan is an expense for the business. Adjustment: Provide for interest on bank loan outstanding. ii) on the liability side of the Balance sheet by way of addition to the particular loanaccount.

Answer 2

Answer:

Amount payable towards interest on loan is an expense for the business. Adjustment: Provide for interest on bank loan outstanding. ii) on the liability side of the Balance sheet by way of addition to the particular loanaccount.

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