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Question Practice

How is the interest on capital treated in the financial statements?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

How is the interest on capital...

Single Answer MCQ
Q-00053666

How is the interest on capital treated in the financial statements?

1

Added to liabilities

2

Shown as an expense

3

Added to the capital account

4

Ignored in the balance sheet

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