1.

Charge interest on capital 10000​

Answer»

Answer

Golden RULES of Journal

Personal account rule

Debit- The receiver.  

Credit- The giver.  

Real account rule

Debit- What comes in.  

Credit- What goes out.  

NOMINAL account rule

Debit- All expenses and LOSSES.  

Credit- All incomes and gains.  

Now

The 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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