The Trial balance shows bank loan ₹ 5,00,000 at 12% on 01-01-2017. Interest paid ₹ 40,000. Interest outstanding is ₹ __________ as on 31-12-2018.
A. 40,000
B. 5,40,000
C. 4,60,000
D. 20,000
Answer:D
The Trial balance shows bank loan ₹ 5,00,000 at 12% on 01-01-2017. Interest paid ₹ 40,000. Interest outstanding is ₹ __________ as on 31-12-2018.
A. 40,000 B. 5,40,000 C. 4,60,000 D. 20,000