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Regrding Capital Acount
Sir if I pay a loan instalment can the need of show in personal capital Acount or not
Replies (1)
as per my view I usually principal payment of house loan does not come to capital account as it is debited from loan and credited from your cash or bank account so as per my view the only interest part will be debited from your capital account as your personal expense or drawing if it is your personal loan otherwise take interest to your profit and loss account
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