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Why interest on partner's loan is …

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Why interest on partner's loan is written in profit and loss account

    • Posted by Tannu Jonwal 8 years, 3 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Manish Bansal 8 years, 3 months ago

    Bcoz it is a charge against profits & compulsory to pay whether firm is earning Profits or Losses.

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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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