Which of the following is the incorrect pair?
A. Interest on drawings Debited to capital account
B. Interest on capital Credited to capital account
C. Interest on loan Debited to capital account
D. Share of profit Credited to capital Account
Answer:C
Which of the following is the incorrect pair?
A. Interest on drawings Debited to capital account B. Interest on capital Credited to capital account C. Interest on loan Debited to capital account D. Share of profit Credited to capital Account