Where interest on capital will be shown in the balance sheet
AnswerBot
1y
Interest on capital is shown as an expense in the profit and loss statement, not in the balance sheet.
Interest on capital is a cost incurred by a business for using borrowed funds or the capital inves...read more
Anonymous
1y
Are you sure...?
Prakash Kar
1y
It is an expense of the business, therefore; it will be recorded on the debit side of Profit and Loss Account. On the other hand, it is an income of the owner, therefore; it will be added in the Capit...read more
Chandana
3y
Liability side
Lakshmi Rengarajan
author
3y
Liability side
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