Interest on capital a/c .....Dr 12000 To capital a/c 12000Interest debited bcoz its expense as we are giving interest on liability

Answer of this question

Interest on capital @6% in 200000. Create the entry

Chote Iec

Interest on capital a/c .....Dr 12000
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.

Comment

Class 6