Interest on partner's loan

Because Interest is the expenses.  and as per the one of the golden rule of accounting - All expenses should be debit and credit the all income.

So therefor Interest on Partners loan will debited to Profit and Loss account.

Thanks

Shankar 

Interest is the expenses. so therefor it is debited to Profit and Loss account as per the golden rule of accounting.

one of the Golden Rule of accounting.

- All the expenses should be debited and all income should be credited.

Thanks

Shankar