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Hi Everybody,
Can anybody tell me the journal entry for below question,
Charged interest on Capital Rs.1,500.00
Thanks,
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Answer Posted / harsha
interest on capital account dr 1500
to capital account 1500
the interest on capital should be added to debit side of
p/l and added to capital on balance sheet
| Is This Answer Correct ? | 59 Yes | 3 No |
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