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Charge interest on capital 10000 |
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Answer» Answer Golden RULES of JournalPersonal account ruleDebit- The receiver. Credit- The giver. Real account ruleDebit- What comes in. Credit- What goes out. NOMINAL account ruleDebit- All expenses and LOSSES. Credit- All incomes and gains. NowThe journal entry will be Interest on capital A/C DR ₹ 10000 To Capital A/C ₹ 10000 (Being charge interest on capital 10000 )
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