Answer Posted / anuj sharma ( ibs-g)
The money due from one person to another , in which one
party is under obligatuion to pay certain sum of money at a
certain period.
Intrest is also paid to the lender along with principal.
Intrest is charged under profit and loss account and
principal under liability side of balane sheet.
Is This Answer Correct ? | 37 Yes | 3 No |
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