The interest on partner's loan is
...The interest on partner's loan is
credited in current account
debited in profit and loss account
credited in profit and loss account
debited in current account
Correct answer is B
No explanation has been provided for this answer.
Given: Equipment Motor Vehicle Loan Creditors Sub in advance ...
The value of the sales ledger control account is derived from the summation of the ...
The main difference between the ordinary and preference shareholders is that ...
The double principle of accounting was developed by? ...
In a period of declining price, which of the following methods would result in higher profit? ...
In a control account, provision for bad debts is found on the ...
What is the working capital? ...
The method of ascertaining capital from income record is by preparing the ...