Interest on Capital a/c dr
(Being interest charged on capital)
Interest on capital will be calculated at the year end and
will be added to capital account.according to you capital
account was not raised
So be careful while giving answer
4) What is Journal Entry of 1) Credit Sales.
2) Credit sales
3) Credit sales
5) Credit Purchase.
standing wages paid.
7) Bank over draft
8) bank charges
9) Dishonor check