Practicing Success
Read the following information to answer. |
Interest on capital will be shown on the Dr. side of Profit and Loss Appropriation A/c and ............side of Partner's................ A/c. |
Credit, Capital A/c Debit, Current A/c Credit, Current A/c Debit, Capital A/c |
Credit, Current A/c |
As fixed capital method is followed, current account is credited. |