In the final account of a limited liability company, debenture interest paid is recorded in…

Accounts - Principles of Accounts WAEC 2023

In the final account of a limited liability company, debenture interest paid is recorded in the

  • capital account
  • profit and loss account checkmark
  • trading account
  • current account

The correct answer is: B

Explanation

Debenture interest is recorded on the debit side of the profit and loss account.

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