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How do you treat interest on capital while preparing Profit and loss account?

+1 vote

asked Nov 7, 2018 in Class 12 by kratos

How do you treat interest on capital while preparing Profit and loss account?

professional persons
accounts from incomplete records
class-12
class-11
accounting for non trading organisation
accounting for not for profit organisation
cbse
financial statements

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1 Answer

+5 votes

answered Sep 25, 2020 by kratos

Best answer

How do you treat interest on capital is debited to profit and loss account.

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