To capital a/c 12000
Interest debited bcoz its expense as we are giving interest on liability
Written on Jan. 5, 2018, 6:28 p.m.
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Answer of this question
Interest on capital @6% in 200000. Create the entry
Interest on capital a/c .....Dr 12000
To capital a/c 12000
Interest debited bcoz its expense as we are giving interest on liability
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