English, asked by anadikedia4, 4 hours ago

explain interest on capital and interest on drawing. don't spam​

Answers

Answered by Anonymous
8

Answer:

Interest on capital is PAID to the partner. Accordingly it is an expense for the firm. Interest on drawings is CHARGED/RECEIVED from the partner. Accordingly it is an income for the firm. Reverse will be treatment in the books of the partner.

Explanation:

I hope it's help to you ✌

Answered by kuppalarani6613
0

Explanation:

intreset on capital is paid to the partner to expense..

so A+[PTR/100]^n

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