CBSE Class 11-commerce Answered
in single entry sanjay took loan from his wife a sum of 4000 @9% p.a. (interst not yet paid )
how to deal it in statement of affairs and profit or loss
Asked by Raju | 24 Feb, 2018, 02:18: PM
Expert Answer
Loan from wife 4000 + interest on loan = 4270 as on 31st March wil be shown as liabilities but it is not an additional capital.
Answered by Tharageswari S | 24 Feb, 2018, 06:46: PM
