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Give the adjusting entries for interest on capital and interest on drawings. - Accountancy

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प्रश्न

Give the adjusting entries for interest on capital and interest on drawings.

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उत्तर

Adjusting Entry: Interest on Capital

Date Particulars L.F. Debit ₹ Credit ₹
  Interest on capital A/c     Dr.
  To Capital A/c
(Interest on capital provided)
  xxx xxx

Adjusting Entry: Interest on Drawings

Date Particulars L.F. Debit ₹ Credit ₹
  Capital A/c       Dr.
  To Interest on drawings A/c
(Interest on capital provided)
  xxx xxx
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अध्याय 13: Final Accounts of Sole Proprietors - 2 - Short answer questions [पृष्ठ ३०९]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 13 Final Accounts of Sole Proprietors - 2
Short answer questions | Q III 4. | पृष्ठ ३०९
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