ROHIBITEDIn Company Final Accounts, Interestpaid is treated as a

1.	ROHIBITEDIn Company Final Accounts, Interestpaid is treated as a
Answer» Answer: Accounting Treatment The Interest on Capital has the following TWO EFFECTS on the final accounts: This is an EXPENSE of the business, which will be recorded on the debit side of the Profit and LOSS Account. Also, it is the income of the owner, which will be added to the Capital Account in the Balance Sheet.

Answer»

Answer:

Accounting Treatment

The Interest on Capital has the following TWO EFFECTS on the final accounts: This is an EXPENSE of the business, which will be recorded on the debit side of the Profit and LOSS Account. Also, it is the income of the owner, which will be added to the Capital Account in the Balance Sheet.

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ROHIBITEDIn Company Final Accounts, Interestpaid is treated as a​

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ROHIBITEDIn Company Final Accounts, Interestpaid is treated as a