Where will you record interest on drawings :
A. Debit Side of Profit & Loss Appropriation Account
B. Credit Side of Profit & Loss Appropriation Account
C. Credit Side of Profit & Loss Account
D. Debit Side of Capital/Current Account only
Answer:B
Where will you record interest on drawings :
A. Debit Side of Profit & Loss Appropriation Account B. Credit Side of Profit & Loss Appropriation Account C. Credit Side of Profit & Loss Account D. Debit Side of Capital/Current Account only