Ramesh’s Trial Balance as on 3st March, 2025 given the following information: Investment (rate of interest 10% p.a.) ₹ 5,00,000
Ramesh’s Trial Balance as on 3st March, 2025 given the following information:
Show how the above items will be shown in the Profit & Loss Account and Balance Sheet.
[Ans.: Profit & Loss Account – ₹ 50,000; Assets side of the Balance Sheet (Interst Receivable) – ₹ 5,000.]
| Heads of Accounts | Debit (₹) | Credit (₹) |
| Investment (rate of interest 10% p.a.) | 5,00,000 | — |
| Interest Received | — | 45,000 |
Anurag Pathak Answered question 32 seconds ago
