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
- 28468 Views
- I also Faced
- E-Mail Answers
Answer Posted / sunaina
entry is:
Interest on capital a/c 1500
To capital a/c 1500
Interest on capital is an expense of the business , thats why it is debited to business. So, it will given on debit side of the Profit & Loss a/c.It is a financial expense of the business.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the provision?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
What do you mean by gaap in accounting?
Anti Takeover policies
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
I am working in govt. sec. How to make journal entry in books for Fix Deposit
Where should tds received should show in balance sheet?
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
how to calculate vat,pf,esi,service tax in corporate firm
what is basic general accounting.
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
what is profit and loss(dr) in cash flow statement?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Mention what are things will not be included in a bank reconciliation statement?
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
