A trial balance as at 31st December, 2002 contains the following information 12% bank loan ` 40000,

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A trial balance as at 31st December, 2002 contains the following information 12% bank loan ` 40000, interest paid as ` 3800. Interest debited to the profit and loss account is

A) ` 44000

B) ` 5000

C) ` 4800

D) ` 1000

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Accounting for Non-Accounting Students

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8th Edition

Authors: John R. Dyson

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Posted Date: Feb 16, 2023 10:55 PM

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A trial balance as at 31st December, 2002 contains the following information 12% bank loan ` 40000,

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Accounting for Non-Accounting Students

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