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What error occurs if payment of retiring partner's loan is debited to Profit and Loss Account?निवृत्त साझेदार के ऋण खाते में भुगतान को लाभ हानि खाते में डेबिट करने से क्या गलती होगी?
Answer and explanationउत्तर और व्याख्या
Correct answer:सही उत्तर: Repayment of principal will be treated as expenseमूलधन भुगतान को खर्च मान लिया जाएगा
Repayment of principal is not an expense; it is reduction of liability. Exam tip: interest is expense but principal repayment is not.मूलधन भुगतान खर्च नहीं है, यह देयता की कमी है। परीक्षा में ब्याज खर्च है लेकिन मूलधन भुगतान खर्च नहीं।
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