Accountancy, asked by himanshulahon, 5 hours ago

interest on capital is a charge against profit (true or false)​

Answers

Answered by panigrahiarpan2010
3

Answer:

Explanation:

Interest on capital will be paid to the partners if provided for in the agreement but only from profits. Interest on capital is an appropriation and not a charge against profit hence, is provided only to the extent of profits.

Previous Question
Next Question
Similar questions
Math, 3 hours ago
A kind of tape is selling at a profit of 12% of selling price, equal to 18 per yard. What is the selling price of the tape?
English, 3 hours ago
scramble for afraid FARE​...
History, 3 hours ago
The word 'Calligrapher' means __________.​
History, 5 hours ago
the dry barren landscape of the mountainous desert is located in​...
Social Sciences, 5 hours ago
_________ is a contract stating the rights of a country's people or a group of people.​
Science, 8 months ago
a chemical reaction of between an acid and a base is known as​...
English, 8 months ago
What did the travellers do to save themselves?
English, 8 months ago
Incorre becam Newspapers have became a past And parcel of our lives. They give (a) us the late news of our country. (b) their is no of life which (c) Newspaper didn't touch Along (d) in the news, they also give us (e) their views of different events (0) in our country and the world. (g) People in general could not think (h) for themselves.​