What can we do when partnership deed is silent about treatment of interest on capital?? How can we charge interest on capital from the partners of the firm in this condition....
Answer nowDear Respected Sirs/ madam,
Kindly help me in accounting the following expenditure done in proper accounting head.
I want to account it in fixed assets
1. Overhead Tank with fixing
2. Overhead tank stand with fixing
3. Sink tap with pipeline
4. Washbasin with tap & drain pipe
5. Geyser fixing with horse pile
6. Seat cover For WC
7. Hand Foset
8. Flush Tank
9. Net Fixing for windows with 1x1 wodden pathi & net
between hypothecation and pledge and mortgage
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Answer now
How to charge interest on capital without partnership deed?