Accountancy, asked by shantonubora, 7 months ago

rules of interest on drawings and interest on partners capital​

Answers

Answered by KillChor
0

Answer:  Interest on Drawings is calculated on Drawings Out of Profit.

Interest on Drawings is income to the firm and an expense to the partners

Explanation:  If Partnership Deed is Silent :- Interest on drawings is not charged from partners. If Partnership Deed Provides :- Interest on drawings is charged from partners.

Previous Question
Next Question
Similar questions
Math, 3 months ago
I. Match the following: 1. (x+a) (x+b) 2. (a+b)(a-b) 3. (a+b)? 4. (a-b)² clue (¡) a?- 2ab + b? (ii) a + 2ab + b? (iii) x + (a+b)x +ab (iv) a? - b Answer the following actione​...
Math, 3 months ago
when sound travels in the form of a wave___. a)the particles of medium move from the source to the listener b)the particles of medium remain stationary c)the particles of medium transfer energy without leaving their mean positions d)all of the above​...
Social Sciences, 3 months ago
MCQ which one experience a very hot weather in summer​...
Math, 7 months ago
if cp 750 loss 15% find sp​...
Math, 7 months ago
thaku back to you don't mark me brilient ​...
Math, 11 months ago
If 222=6, and 551=23, then 521=?
Math, 11 months ago
what are the types of methods in linear simultaneous equation with definition​...
History, 11 months ago
how i spend vacation in dubai plz write for kids...