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Caluculation of interest on partners capital

This query is : Resolved 
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(Querist)
18 June 2012
SIR,
A PARTNER REMUNERATION IS Rs.36000/- p.a.

ENTRY PASSED AS
(EVERY MONTH ENDING FOR 12 MONTHS)
PARTNER CAPITAL DR
CASH CR

ON YEAR ENDING ENTRY PASSED AS
SALARY TO PARTNER A/C DR
PARTNER CAPITAL A/C CR

SO, IN CALUCULATION OF INTEREST WE HAVE TO CALUCULATE ON OPENING BALANCE DIRECTLY OR ON EVERY MONTH ENDING BALANCE
ADVANCE THANKS
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CS GURVINDER SINGH

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CS GURVINDER SINGH (Expert)
18 June 2012 on every month ending Balance

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