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When interest on capital is charge …

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When interest on capital is charge then it will be shown in PL appropriation account or not?

Posted by Sakshi Ojha 7 years ago

CBSE > Class 12 > Accountancy

5 answers

Mayank Garg 7 years ago

If int. On. Capital is treated as a charge then it will be shown in the p&l account because it is charge against the profit for more explanation contact me on Instagram@mgarg3230

Sakshi Ojha 7 years ago

How?

Kumar Abhinav 7 years ago

Interest on capital is generally shown in p&l appropriation account but if it's specified in the question that interest on capital is a 'charge against profit' then we'll not show it in the p&l appropriation account.

Riya Sharma 7 years ago

When int on cap is charge against profit it will not be shown in pl appropriation ac

Lakshita Sharma 7 years ago

It will b shown in p&l appropriation a/c

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