Does interest on capital is appropriation or charge
Atharv Sankliya (1354 Points)
30 October 2021
does interest on capital is appropriation or charge??
1 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 30 October 2021
Both. It is taken to the income statement and appropriation accounting What is Profit and Loss Appropriation Account? - AccountingCapital
This is for partnerships.
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