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what is interest on capital

Answer Posted / satyaki_raju@yahoo.com

Rakesh Bhai
Interest on Capital a/c dr
To capital
(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

Is This Answer Correct ?    54 Yes 14 No



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