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If interest on a retiring partner's loan is wrongly debited to Profit and Loss Appropriation Account instead of Profit and Loss Account, what is the main error?यदि निवृत्त साझेदार के ऋण खाते में ब्याज गलती से लाभ हानि खाते के बजाय लाभ हानि विनियोग खाते में डेबिट किया गया, तो मुख्य गलती क्या है?
Answer and explanationउत्तर और व्याख्या
Correct answer:सही उत्तर: Expense was treated as appropriation of profitखर्च को लाभ के विनियोग जैसा मान लिया गया
Interest on loan is an expense of the firm, not distribution of profit. Exam tip: distinguish interest on loan from interest on capital.ऋण ब्याज फर्म का खर्च है, लाभ का बंटवारा नहीं। परीक्षा में ऋण पर ब्याज और पूंजी पर ब्याज अलग पहचानें।
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