In the final account of a limited liability company, debenture interest paid is recorded in...
FINANCIAL
WAEC 2023
In the final account of a limited liability company, debenture interest paid is recorded in the
- A. capital account
- B. profit and loss account
- C. trading account
- D. current account
Correct Answer: B. profit and loss account
Explanation
Debenture interest is recorded on the debit side of the profit and loss account.
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