Accountancy, asked by rajatraj2122, 7 months ago

interest on partners capital is calculated on

Answers

Answered by mamtapatidar7322

0

Explanation:

Interest on capital is to be calculated on the capitals at the beginning for the relevant period. If there is any additional capital introduced or capital withdrawn during the year, it will cause change in the capitals and interest is to be calculated proportionately on the changed capitals for the relevant period.

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