Accountancy, asked by Michael12, 10 months ago

what is Interest on Capital?
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Answers

Answered by sreenanda79
1

Answer:

Interest on Capital Definition: An amount at an agreed rate of interest which is credited to a partner based on the amount of capital contributed by him/her.

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Answered by shanmukh51
1

Answer:

interest on capital definition and amount at an agreed rate of interest which is credited to a partner based on the amount of capital contributed by him or her.

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