Interest on capital Dr To Capital Cr

Hi Everybody,

Can anybody tell me the journal entry for below question,

Charged interest on Capital Rs.1,500.00

Thanks,

Question Posted / laxma reddy

Answer Posted / laxma reddy

Interest on capital Dr
To Capital Cr

Is This Answer Correct ?

28 Yes

2 No

Please Help Members By Posting Answers For Below Questions

how we can calculate sundry debtors and crditors a/c?show some examples

5463

What information do you require before you approve an invoice for payment?

1154

DIFFERNCE BETWEEN RESERVE AND FUND?

6017

How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1828

Explain what is the disadvantage of double entry system?

1095

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2414

Explain under what type of account does the unearned revenues fall?

3932

What is peach tree accounting?

1100

What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8771

WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?

2119

Can i put opening stock in new company during closing time

1714

payment voucher for advance salary

1412

What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

3469

Explain some of the accrued expenses and the accounts in which you would record them?

1084

How is scrap value calculated?

1168