Accountancy, asked by nidhichauhan7055, 8 months ago

interest on capital is allowed on​

Answers

Answered by vimalpandharpure11
0

Answer:

Here is your answer

Explanation:

Loans

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Answered by dharanidr12
2

Explanation:

Interest on capital will be allowed only when there are profits. Interest on capital is only given to partners when there are profits. In case of losses, partners are not given interest on capital. Interest on capital can be defined as the amount charged as interest on partner's capital.

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