Interested to Buy Any Domain ? << Click Here >> for more details...
Hi Everybody,
Can anybody tell me the journal entry for below question,
Charged interest on Capital Rs.1,500.00
Thanks,
- 15 Answers
- 27535 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / harsha
interest on capital account dr 1500
to capital account 1500
the interest on capital should be added to debit side of
p/l and added to capital on balance sheet
| Is This Answer Correct ? | 59 Yes | 3 No |
Answer / khan
Dear all sorry for the belated reply,and thanks for giving
right answers,
Regards,
Khan
| Is This Answer Correct ? | 7 Yes | 1 No |
interest on capital account dr 1500.00
To capital account 1500.00
Dear friend interest on capital is a indirect expense of
company. So interest on capital should be show to the debit
side of P&L A/c and added to capital A/c in liabilities
side of balance sheet.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / sumit jain
The entry is:
Interest on Capital A/C Dr. 1500.00
To Capital A/C 1500.00
interest on capital is just like a profit which charged on
the capital and added to P&L a/c debit side and capital in
the balance sheet.
P&L appropriation a/c DR. 1500.00
To Interest on Capital a/c 1500.00
(Transfer to P&L a/c)
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / john
Interest on capital Dr
To Capital Cr
(by interest A/C to to capital A/C)
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / ahsan
profit and loss appropriation a/c DR
interest on capital a/c CR
| Is This Answer Correct ? | 3 Yes | 1 No |
Accounting golden rules?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Do you know overhead in terms of accounting?
Who created snapit accounting?
I had this interview in 09. The interviewer kept on asking this question. Why do you want to join JP Morgan chase? can any1 give me a good answer...???
2 Answers IBM, JPMorgan Chase,
what is current rate of excise duty in india
Sir, I am using Tally ERP 9 licensed. Company year 2012-2013. but dispaly in tally last date of entry 25.9.2021 pls help me sir... anandhi0701@yahoo.com
How to get C forms in online? Plz give me Processor Thanq
What do you debit and credit if discount allowed is underrated?
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
is it software companies also using Tally software for their accouts?
Who uses accounting?
Audit 
