0 reads0 ratings0 helpful
If payment of loan is debited to Profit and Loss Account, what will be the effect?यदि ऋण खाते में भुगतान को लाभ हानि खाते में डेबिट कर दिया गया, तो कौन सा प्रभाव होगा?
Answer and explanationउत्तर और व्याख्या
Correct answer:सही उत्तर: Expenses and loan liability may be overstatedखर्च अधिक और ऋण देयता अधिक दिखाई दे सकती है
Principal repayment is not an expense and the loan account should have been debited. Exam tip: do not post repayment to Profit and Loss.मूलधन भुगतान खर्च नहीं है और ऋण खाते को डेबिट होना चाहिए था। परीक्षा में भुगतान को लाभ हानि में न डालें।
Student feedback
Was this question useful?
Was this question useful?
👍 0 Helpful 👎 0 Not helpful
Difficulty
Easy0%
Medium0%
Hard0%
Was the explanation clear?
Yes 0% No 0%
0 responsesStudent Reviews
No published reviews yet.
