The Interest on Capital is an Income of the Firm. - Book Keeping and Accountancy

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The interest on capital is an income of the firm.

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Solution

False

Concept: Adjustments - Interest on Capital, Drawings and Loans

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Q 1.4.1 Q 1.3.5 Q 1.4.2

2015-2016 (March)

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2015-2016 (March) (with solutions)

Q 1.4.1 | 1 mark

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The Interest on Capital is an Income of the Firm. - Book Keeping and Accountancy

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