Interest on capital is added toChoose one optionExpense A/cIncome A/cCapital A/cGoodwill A/c

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Solution 1

To address the question regarding where interest on capital is added, we need to understand the impact of this interest on the financial statements.

Understanding Interest on Capital: Interest on capital is the return that an owner or partner receives on their investment in the business. It Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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Interest on capital is added toChoose one optionExpense A/cIncome A/cCapital A/cGoodwill A/c

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but here ' after charging interest on capital' is a adjective that modifies the noun net profit which means it is also a net profit

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