Interest payable on the capital of the partners is recorded in:
A. Profit & Loss A/c
B. Realisation A/c
C. Profit & Loss Appropriation A/c
D. None of these
Answer:C
Interest payable on the capital of the partners is recorded in:
A. Profit & Loss A/c B. Realisation A/c C. Profit & Loss Appropriation A/c D. None of these