Answer:
Dr P's Loan Account Cr
Date Particulars Amt (Rs.) Date Particulars Amt (Rs.) 2014 2014 Dec 31 To Bank A/c 30,000 Jan 1 By P?s Capital A/c 1,00,000 Dec 31 To Balance c/d 80,000 Dec 31 By Interest on Rs. 1,00,000 @ 10% 10,000 1,10,000 1,10,000 2015 2015 Dec 31 To Bank A/c 30,000 Jan 1 By Balance b/d 80,000 Dec 31 To Balance b/d 58,000 Dec 31 By Interest on Rs. 80,000 @ 10% 8,000 88,000 88,000 2016 2016 Dec 31 To Bank A/c 30,000 Jan 1 By Balance b/d 58,000 Dec 31 To Balance c/d 33,800 Dec 31 By Interest on Rs. 58,000 @ 10% 5,800 63,800 63,800 2017 2017 Dec 31 To Bank A/c 37,180 Jan 1 By Balance b/d 33,800 Dec 31 By Interest on Rs. 33,800 @ 10% 3,380 37,180 37,180
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