Explain the concept of Interest on capital (IOC) and interst on drawings(IOD)
Answers
Answered by
2
Explanation:
interest on capital is charged on your capital which is given to u in question and if interest is nt given you'll charge it on the basis of capital contributed by the partners.
interest on drawings is charged on drawings of the partner
Answered by
0
Answer:
interest on capital is charged on your capital which is given to u in question and if interest is nt given you'll charge it on the basis of capital contributed by the partners.
Explanation:
its correct
Similar questions