If partners current acc. Balance is given then how to find interest on capital?
Answers
Answered by
1
Answer:
profit
Explanation:
profit on capital
Answered by
4
Answer:
Interest on capital is to be calculated on the capitals at the beginning for the relevant period. ...
Tutorial note: If capital at the beginning is not given, then it can be calculated as below:
Mannan and Ramesh share profits and losses in the ratio of 3:1. ...
Interest on capital = Amount of capital
Explanation:
I hope you will understand it
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