WAEC - Accounts Principles Of Accounts (2023 - No. 21) | ExamPlay

WAEC - Accounts Principles Of Accounts (2023 - No. 21)

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

capital account

profit and loss account

trading account

current account

Explanation

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

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