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Accounts

This query is : Resolved 

18 April 2010 Chapter = Profit prior to incorporation

Ques- In this chapter Interest on capital
amount divided into which ratio?

19 April 2010 My dear, interest itself is calculated on individual capital of the partners. If the combined figure is given in the question then in the absence of information, u can divide it into partners opening capital ratio.
Regards, CA Shakuntala Chhangani


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