Accountancy, asked by rishabpatyalp3vcbf, 9 months ago

interest on capital is given only when there is profit? (addmission, retirement, death) ​

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Answered by Anonymous
1

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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