Interest on the loan is _______________

charge against profits

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

appropriation of profits

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both (A) & (B)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
charge against profits

Interest on the loan is a charge against profits

Suggest Corrections

Similar questions

Charge is a ___________ from the amount of profits. Appropriation is ____________ of profits.

________ is a charge against profits

Interest on Debentures is a/an ___ and is debited to the Profit & Loss A/c.

Join BYJU'S Learning Program