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when interest on capital is considered …

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when interest on capital is considered a charge ,do we have to make profit and loss a/c instead of profit and loss appropriation a/c??

    • Posted by Devika Rajesh 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Dev Narula 6 years, 10 months ago

    If IOC is considered a charge then there is no need to prepare p/L appropriation A/c

    0Thank You

    Divya Jyoti Jaiswal 6 years, 10 months ago

    If their is profit then it is recorded in p&l app and if their is loss then it is recorded in p&l

    1Thank You

    Yo Boy 6 years, 10 months ago

    No

    1Thank You

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