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Following is the extract of Trial Balance as at 31st March, 2025: Interst on Loan ₹ 8,000

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Anurag Pathak30.50K 2 minutes ago 0 Comments

Following is the extract of Trial Balance as at 31st March, 2025:

Heads of Accounts	Dr. (₹)	Cr. (₹)
Interst on Loan	8,000	—

Additional Information: Loan of ₹ 6,00,000 was taken from State Bank of India at an interest rate of 12% p.a. on 1st July, 2024 and it was repaid on 1st October, 2024. Show the treatment of ‘Interest on Loan’ in Final Accounts.

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Following is the extract of Trial Balance as at 31st March, 2025: Interst on Loan ₹ 8,000

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Anurag Pathak

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